BNY Mellon arm Alcentra raises €5.5 billion for private lending in Europe
With bankers reluctant to lend to small and medium-sized businesses in Europe after the financial crisis, direct lenders are willingly stepping into the breach.
Proof of that is the response to Alcentra’s recent European direct lending capital raise. With a minimum target size of €3 billion, the firm received €5.5 billion from institutional investors in Europe, Middle East, US and Asia.