Spain’s Incus closes on €650m hard-cap

The firm’s fourth credit fund will target asset-backed opportunities amid a volatile market, as investors look to diversify their portfolios.

Incus Capital, the Madrid-based fund manager, has closed its European Credit Fund IV on its hard-cap of €650 million, a step up in size from the “one and done” third fund, which had just one closing on €500 million.

The fund differentiates itself with a focus on asset-backed investments in European small to medium-sized enterprises.

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