Farallon hits $300m for European lending fund

Farallon will invest between $20m and $50m per deal in European mid-market companies. 

Farallon Capital Management has closed on $300 million for a mid-market European lending vehicle, a market source has confirmed with Private Debt Investor.

Earlier this week, the firm filed a pair of documents with the US Securities and Exchange Commission indicating that it had raised $195 million for Farallon European Private Credit and $102.2 million for Farallon European Private Credit Master for a total of $297.2 million. Commitments from non-US investors brought the fundraising total to $300 million, the source said. 

Institutional investors represent the primary source of the fund’s commitments.The firm classified both vehicles as private equity funds on their respective SEC filings.

London-based managing members Nicolas Giauque and Lars Bane are said to be spearheading Farallon's strategy for the vehicle, which aims to invest between $20 million and $50 million per deal, the source said. The fund will target investment opportunities throughout Europe, the source added.

Farallon invests across five core strategies; credit, value, merger arbitrage, real estate and direct investments. The firm had approximately $19 billion in assets under management at press time.