London-based fund manager Pemberton has held a first close for its open-end, multi-asset fund at $275 million.
The European Alternative Credit Fund will focus on first lien financings across Pemberton’s European mid-market lending strategies, as well as global NAV finance and risk sharing to provide a diversified portfolio.
The fund is anchored by five new limited partners and is fully compliant with the Employee Retirement Income Security Act of 1974.
