Pemberton Raises €1B Strategic Credit Opportunity Fund

Law360 (May 1, 2019, 3:52 PM EDT) -- Asset management firm Pemberton Capital Advisors said Wednesday that it has raised €1 billion ($1.1 billion) that it will use as part of its strategy to provide companies with acquisition or expansion financing.

Pemberton Capital Advisors LLP, backed by British multinational financial services company Legal & General Group PLC, said the fund received commitments from over 30 investors from North America, Europe, Australia and the Middle East and will provide borrowers with junior capital to facilitate expansion or acquisitions. Pemberton noted the fund is the first in Europe to specifically target credit opportunities.

“This strategy marks another successful step for Pemberton as...

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