Pemberton Seeks More Than €4 Billion for Mid-Market Debt Fund [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
Most Read from Bloomberg Flesh-Eating Bacteria That Can Kill in Two Days Spreads in Japan How the US Mopped Up a Third of Global Capital Flows Since Covid These Are the World's Most Expensive Cities for Expats in 2024 Ukraine Bid for Global South Support Falters at Swiss Summit Danes Asked to Keep Supplies, Iodine Pills to Prepare for Crises The completion of the fund raising is set to take place in October, said the people, who asked not to be named because the matter is private. The fund size could reach as much as €5 billion, one of the people said. Pemberton's mid-market strategy typically invests in senior secured debt for businesses generating earnings before interest, taxes, depreciation and amortization, or EBITDA, of between €15 million and €75 million. A representative for Pemberton declined to comment. The firm is also raising its second-generation senior loan fund, which should close with between €3 billion and €3.5 billion in the first quarter of 2025, ac
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