Talde raises €40m

The Bilbao, Spain-based private capital manager holds interim close for Europe-focused credit fund.

Talde has held a first close of its debut private debt fund, Talde Deuda Alternativa, FILPE, at €40 million. The fund has a target size of €100 million and will focus on European SMEs in the growth and consolidation phase. It will provide financing of €5 to €15 million, primarily in the form of senior debt, for eight to fifteen companies.

The fund is open to both institutional and retail investors.