AnaCap Financial Partners LLP secured €1 billion for its latest credit opportunities fund, London's Financial Times reported, citing people with direct knowledge of the matter.
The corporate debt-focused fund will target loans, structured credit and real estate investments in Europe. It has already deployed about €200 million in nonperforming loans in Portugal.
The oversubscribed vehicle, which is about 70% larger than its predecessor, is expected to have an investment range of €15 million to €75 million, people familiar with the strategy reportedly said.
Details about the fund could be formally announced as early as Sept. 18 in London, according to the publication.
