Alcentra European Direct Lending Fund II

Overview:

• Alcentra European Direct Lending Fund II has raised €4.3 billion, exceeding its fundraising target.
• The fund will focus on first lien debt in Western Europe. It is part of a wider strategy by Alcentra to offer direct lending opportunities to institutional investors.
• Alcentra is the asset management vehicle of BNY Mellon and has $31 billion of assets under management.
• Alcentra's first European direct lending fund closed in 2014 at €850 million.

Sam Duke - Editor