Equita Capital SGR has announced a new closing for its Equita Private Debt Fund III (EPD III) at €160m (£138m), as well as a second investment in Germany.
New investors include Solidarietà Veneto Fondo Pensione, Fondo Pensione Nazionale BCC-CRA and Banca di Credito Cooperativo di Milano, allowing EPD III to reach €160m of total commitments.
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The team continued to focus its efforts on deal sourcing activities, identifying new investment opportunities, the firm said in a statement.
The business successfully closed its second investment in Germany alongside a German family office, Rigeto, financing an add-on acquisition by German music distribution platform Beat.
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It is now aiming to further diversify the fund’s portfolio in terms of sectors and geographies, with three potential new investments currently under due diligence.
“We are pleased to welcome three new important institutional investors. Thanks to their commitments, we can continue to build our capabilities,” said Paolo Pendenza, chief executive at EQUITA Capital SGR and head of private debt.
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