EFA Group holds first close on direct lending vehicle

The firm has raised more than $100m for its latest secured credit fund.

  • Fund name: EFA Asia Secured Credit Fund
  • Amount raised: $100 million
  • Target size: $300 million
  • Stage of fundraising: First close
  • First close date: January 2020
  • Target IRR: 12%-15%
  • Fund life: 5+1+1

EFA Group has raised more than $100 million for EFA Asia Secured Credit Fund. The fund has a target size of $300 million and is investing in non-sponsored corporates across Asia, Australia and New Zealand in the natural resources, manufacturing and logistics sectors.