Pemberton collects €1.2bn

 The asset manager closes its first fund targeting debt investments in the European mid-market.

Pemberton Mid-Market European Debt Fund has held a final close at €1.2 billion, surpassing its original target of €1 billion. The fund will primarily invest in senior debt, with a focus on the healthcare, hospitality and leisure sectors, among other industries.

Capital committed came from 27 investors, including Legal and General plc, the Teachers' Retirement System of the State of Illinois and Nest Sammelstiftung.