Zencap AM to launch new direct lending fund

French boutique Zencap Asset Management, a branch of OFI Asset Management specialised in private debt, is to launch its fourth direct lending fund.

The fund aims to raise some €300m from institutional investors to finance French medium size companies.

Its launch is planned for the second quarter of 2016.

That new fund will succeed the OFI Crédit ETI strategy launched in May 2015. OFI Crédit ETI has financed 9 French companies whose turnover is comprised between €100m and €300m, operating in industry, services and new technologies’ areas.

In 2015, Zencap Asset Management has financed 26 deals for a total amount of €280m in four private debt segments : corporate debt, infrastructure debt, property debt and thematics.

As at 31 December 2015, Zencap AM managed and advised €950m in assets.

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