Macfarlanes advises Alcentra as latest direct lending fund closes at €5.5bn

24 July 2019

Macfarlanes has advised long-standing client Alcentra, one of Europe’s leading private debt managers, on the successful fundraising of its latest European direct lending fund which has closed at €5.5bn.

The fund raised nearly double its minimum target of €3bn with investments coming from institutional investors across Europe, the Middle East, the US and Asia. This capital will be used to continue Alcentra’s direct lending strategy and brings assets under management for their European direct lending platform to over $10bn.

The Macfarlanes advisory team was led by investment management partner Sam Brooks. Tax advice was provided by tax and reward partner Damien Crossley with assistance from solicitor Shaul Steinberg and fund finance and leverage expertise came from finance partner Richard Fletcher.   

Sam Brooks comments: “We are delighted to have had the opportunity to continue our partnership with Alcentra and to have been involved with the raising of one of Europe’s largest ever direct lending funds. This was a complex, multi-departmental project which we believe demonstrates the strength of our offering across the firm.”