Pemberton Capital Advisors LLP launched its U.K.midmarket direct lending strategy through the creation of a new fund that willaim to raise £500 million.
The fund is anchored by twoinstitutional investors, one of them being Legal & General Group Plc. The fund expects to holda first close before the 2016 end.
"Through our Europeanmidmarket debt strategy, we have already invested more than £180 million inU.K. midmarket companies. We are looking forward to furthering that amount withthis new strategy," said John Doyle, head of origination for the U.K. atPemberton.