Anacap holds €500m close for third flagship fund


SONY DSCEuropean buyout firm Anacap Financial Partners has reportedly held a first close of €500m for its latest fund.

The London-based firm is expecting to hold another interim close on €750m by the end of the summer, said Private Equity international.

Earlier this year data from New Jersey’s State Treasury’s Division of Investment showed that the firm was targeting €900m for the fund.

AnaCap Financial Partners III is already nearly as big as Anacap’s second fund, which was closed with commitments of €575m in 2009, three years after the firm raised €300m for its debut fund.

The firm is focused on making control investments in European mid-market financial services companies.

In February Anacap bought a €700m portfolio of non-performing loans from banking group UniCredit in its latest deal in Italy.

The deal came only a few weeks after Anacap acquired a €551m portfolio of performing salary secured loans from Gruppo Monte dei Paschi di Siena in Italy.

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