BarCap holds $1bn soft close for debut junior credit fund(2)

Investment bank Barclays Capital has provided a ‘substantial’ anchor commitment for the credit-oriented vehicle which will focus on the North American primary issue market.

The investment banking arm of Barclays Bank, Barclays Capital has raised $1 billion (€648 million) for its debut junior credit fund – a “substantial portion” of which is an anchor commitment from its parent company, a spokesperson has told PEO.

The Barclays Structured Principal Investing Fund was raised by the affiliated principal credit investment unit of Barclays Capital (BarCap), Barclays Structured Principal Investing.

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