AnaCap confirms final closing on AnaCap Credit Opportunities Fund II

AnaCap Financial Partners has announced the final closing on the AnaCap Credit Opportunities Fund II L.P., hitting £350m.

The fund was oversubscribed after six months and it looks to build on the company’s track record as a financial services specialist, targeting performing, semi-performing or non-performing consumer and SME debt across Europe, including loans, leases, securities or other obligations requiring granular analysis and active asset management.

It will also capitalise on evolving market opportunities, with financial institutions looking to de-lever after years of over-expansion.

“The fund will benefit from AnaCap’s track record as a financial services specialist, including our extensive experience investing in and managing regulated lending and servicing companies, as well as our vast network of relationships throughout the European financial services sector,” said Justin Sulger, partner and head of credit opportunities at AnaCap.

Investors include the State of New Jersey, Hamilton Lane and Ohio Public Employees Retirement System. The fund has a three-year investment period and an eight-year life.

Sulger added: “While the fundraising environment continues to be exceedingly tough, demand for managers with a clear, differentiated and compelling proposition remains strong. We are fortunate to have received such strong and widespread support from both existing and new investors, allowing us to reach our cap of £350 million, with investment committee approval from all investors in place just six months after launch. We believe this to be testament to the specialised investment strategy of the Fund and the particular expertise of the team.”

 

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