LBO France hits hard-cap with debt fund

LBO France’s debt arm has raised its second fund, meeting its hard-cap of €200m. The successful close comes after the firm delayed the launch of its latest mid-market buyout fund.

Paris-headquartered private equity firm LBO France has raised its second ‘Altercap’ credit opportunities fund after less than a year on the road.

The fund, Altercap II, garnered €200 million in commitments and met its hard-cap. LBO France’s first debt fund raised €160 million in 2009.

LBO France decided earlier this year to postpone the launch of its next mid-market buyout fund due to market conditions, as exclusively revealed by Private Equity International.