French credit manager purchases boutique
Paris-based asset manager Eiffel Investment Group, focused on European credit, has fully acquired Alto Invest, which runs a European small-mid cap open-ended fund Nova Europe and private equity strategies.
The new entity will manage over €1bn in assets under management.
The merger aims at building a leader in the financing of European micro, small and mid-cap companies.
Eiffel Investment Group has recenlty launched two private debt funds, one being dedicated to the energy transition and the other to small and mid-caps achieving revenue between €10m and €50m.