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.
“Of the largest European direct lending funds, a dozen are now over €2 billion in size,” he tells Euromoney.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
