Corporate credit specialist Muzinich has launched a UK private debt fund for ultra high net worth and institutional investors.
The closed-ended vehicle has a 10-year investment term and is targeting £350m in assets, having just completed its first closing. The vehicle will lend to UK companies with earnings before interest, taxes, depreciation and amortization (EBITDA) of between £3m and £20m at the time of investment. The fund will be co-run by portfolio managers Kirsten Bode, based in London, and Marc Shirman in the firm's Manchester office. Josh Hughes, head of UK sales and marketing, said the fund is suitable for anyone comfortable with illiquidity, including individual investors in the UK ultra-high n...
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