LBP AM European Private Markets (EPM) has closed its European direct lending fund, raising €450m (£393.5m) in commitments.
EPM, the private assets platform of France’s LBP AM Group, said the fund surpassed its initial €300m target, representing a 50 per cent increase on its previous vintage.
The LBP AM Midcap Senior Debt fund finances the growth of small and mid-sized European companies, primarily French, with EBITDA of between €10m and €80m, through senior secured debt.
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“The successful closing of LBP AM Midcap Senior Debt reflects the expertise of our corporate private debt team and its multi-channel origination capabilities,” said Isabelle Luy-Landès, head of corporate direct lending at LBP AM European Private Markets. “It demonstrates the confidence of new investors and long-standing partners who share our sustainable, long-term vision. As asset managers, we play a pivotal role in supporting companies by offering tailored financing solutions that align with their growth and transformation challenges.”
The Article 9 fund under Sustainable Finance Disclosure Regulation will also support portfolio companies in transitioning towards a more sustainable economy.
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As at end-June 2025, LBP AM European Private Markets had raised €9.3bn and invested €8.7bn across more than 315 transactions.
Its direct lending division has so far backed 125 companies across eight funds, deploying a total of €2.1bn.
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