BlueBay closes Direct Lending III on €6bn – exclusive

The huge European-focused debt fund is one of the largest raised so far in 2019.

Anthony Fobel
Anthony Fobel

BlueBay has closed its latest direct lending fund on more than €6 billion, more than double the amount of its previous vintage.

BlueBay Direct Lending Fund III launched in September 2017 and has attracted commitments from a broad range of existing and new investors. LPs come from numerous geographies and BlueBay said it has seen increasing interest from investors in Japan, Korea and Taiwan, as well as Europe, North America and the Middle East.

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