Report: Investec Secures €200M in First Close of Private Debt Fund II

Investec Alternative Investment Management has reportedly raised €200M (~$210.2M) in initial capital commitments on the first close of its second-generation private debt fund (PDF II).

The first close amount constitutes 40% of PDF II’s target size of €500M (~$525.26M), per an Alternative Credit Investor report. The close-ended Luxembourg-based fund, which builds on its €250M inaugural debt fund launched in January 2021, offers senior secured debt and subordinated debt to businesses with €3M to €50M in EBITDA, operating in the UK, Ireland, Benelux, and DACH regions.

Investec said its direct lending team oversees €3.2B in total AUM, and has historically originated €9B in investments for more than 300 portfolio companies.

Source: https://alternativecreditinvestor.com/2024/12/03/investec-announces-e200m-close-of-latest-private-debt-fund/