EFA Group targets $100m fundraise for bank credit fund

Will lend to financial institutions in Eastern Europe and Asia

EFA Group is targeting a $100m fund raise for the launch of a new fund, which provides credit to bank and other financial institutions in developing markets Asia and Eastern Europe.

The EFA Financial Institutions Debt fund will provide short and mid-term financing to the regions' leading banks, which have struggled to access credit amid strong strong GDP growth, shallow local capital markets and limited access to international markets. Update: Hermes launches Unconstrained Credit fund Managed by Kashama Pascal Nyangombe, the fund will target a net return of 10% - 12% per annum by exploiting this trend, by analysing the individual risk profiles of the financial institutions as well as country risk factors. The fund will be available to sophisticated investors, ...