Zencap Asset Management has held a third close of its third corporate debt fund at €180 million. Zencap Credit ETI III was launched in April 2018 with a hard cap of €500 million and is expected to hold a final close in November. The fund will adopt a similar strategy to its predecessor vehicles, focusing on providing senior secured debt to small and medium-sized companies with annual turnover of between €50 million to €500 million.
Zencap Asset Management raises €300m
The French alternative investment fund manager has held an interim close of its third corporate debt fund.
