Alcentra Group’s European Direct Lending Fund held a final close of €850 million ($1.06 billion), said Michael Dunn, spokesman for BNY Mellon, parent of Alcentra.
Investors in the fund, which makes loans to middle-market companies in Europe, include the $7.3 billion New Hampshire Retirement System, Concord, and $1 billion Hartford (Conn.) City Municipal Employees’ Retirement Fund.
Alcentra specializes in subinvestment-grade debt markets and has about $25 billion in assets under management.
