Pemberton Seeks More Than €4 Billion for Mid-Market Debt Fund

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Bloomberg News

Fund Raising,Pemberton Asset Management Plans

(Bloomberg) -- Pemberton Asset Management plans to raise more than €4 billion ($4.3 billion) for the fourth vintage of its mid-market debt strategy...

-- Pemberton Asset Management plans to raise more than €4 billion for the fourth vintage of its mid-market debt strategy, according to people with knowledge of the matter.How the US Mopped Up a Third of Global Capital Flows Since CovidThe completion of the fund raising is set to take place in October, said the people, who asked not to be named because the matter is private. The fund size could reach as much as €5 billion, one of the people said.

Pemberton is partly owned by Legal & General Group Plc, which has previously invested in some of the firm’s funds, including its third strategic credit fund, which closed with €2.3 billion in March. -- As a renewed bout of GameStop Corp. fever gripped the meme-stock faithful, fans of trading influencer Keith Gill waited for one moment: The day their hero, aka “Roaring Kitty,” aka “Deep F—-ing Value,” would become a billionaire.

 

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