Muzinich & Co closes debut Apac private debt fund at $500 million
The US fund manager sees opportunity to lend to companies operating in the lower-to-core middle market, a segment that is underserved by the banking sector.
JimMin
The US fund manager sees opportunity to lend to companies operating in the lower-to-core middle market, a segment that is underserved by the banking sector.
July 04, 2023
US-headquartered private credit fund, Muzinich Co, has announced via a media note the final close of its Asia Pacific Private Debt I Fund, at $500 million.
The fund targets opportunities in the core and lower-middle market across Apac and is today around 35-40% deployed through eight closed investments, Muzinich Co CEO and head of Apac private debt, Andrew Tan, told FinanceAsia. He added that the fund is targetting returns in the “low to mid-teens.”
Tan earlier told FA that the firm was aiming for a close by end of June and, as of April, the fund had deployed $180 million across seven investments in...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 1 article from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
/cdn.vox-cdn.com/uploads/chorus_asset/file/23630242/acastro_STK052_02.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/25301215/STK463_SCOTUS_B.jpg)
