Fund: PineBridge Private Credit II
Amount raised: $1.7 billion
Stage of fundraising:Â 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.