US asset manager BlackRock closed its first European middle-market private debt fund in July this year.
The €1.1 billion fund will, along with several separate accounts, bring total assets under management for this strategy at the firm to €1.8 billion. For an investment firm with €6.3 trillion under management this doesn’t sound like much, but Stéphan Caron, head of European middle-market private debt for the global credit team, is very happy with where the fund is positioned.
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