Alcentra raises $510m

The London-headquartered asset management firm closed above target.

Alcentra announced the final close for its Clareant Structured Credit Opportunities Fund III at $513 million, surpassing the original $300 million target.
The fund was launched in May 2018.

The fund’s investors included sovereign wealth funds, public and corporate pensions funds from Asia, Europe, the Middle East and US.

The firm will use the capital to issue CLO debt to firms in North America and Europe.