Beechbrook Capital, a European specialist direct lender, has held the first close on its third Private Debt Fund at over EUR100 million.
Commitments have been received from the European Investment Fund, British Business Bank Investments Ltd – the commercial arm of the British Business Bank – and a number of leading European institutional investors. A second close is expected towards the end of 2016, with a final close in 2017.
Beechbrook managing partner, Paul Shea, says: “We are delighted to receive so much support from both existing and new investors, who share our view that the European lower mid-market continues to represent a compelling investment opportunity. With a strong and growing track record, Beechbrook is well placed to pursue this opportunity.”
Beechbrook private debt funds provide debt capital to European private equity-sponsored businesses with turnover between EUR10 million and EUR100 million. Typically Beechbrook invests EUR5 million to EUR15 million per transaction to support acquisitions, buyouts, shareholder re-alignments and general expansion plans.
