Fundraising

PineBridge announces final close of second direct lending fund

Global asset manager, PineBridge Investment, has announced a final close on PineBridge Private Credit II at $1.7bn.

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Fund: PineBridge Private Credit II
Amount raised: $1.7 billion
Stage of fundraising: Final close
Final close date: February 2022

PineBridge Investment has announced a final close on their second direct lending fund, PineBridge Private Credit II, at $1.7 billion. Following their recent press release, the initial close of Fund II brings the total Private Credit platform to $3.3 billion.

Fund II will focus on making directly originated senior debt loans to US-based, sponsor-backed lower-mid-market companies, predominately in the business services, consumer, healthcare and specialty manufacturing sectors.