Pemberton AM raises €8.4bn for direct lending strategies
Pemberton Asset Management has raised €8.4bn (£7bn) in its latest fundraising cycle for its three direct lending strategies.
This includes two senior loan funds, which closed in 2025 at €6.1bn, and its Strategic Credit Fund III, which closed at €2.3bn in 2024.
The vintages across the three funds all exceed the size of previous funds, showing growing investor appetite for private credit.
Read more: MSP secures £350m funding line from JP Morgan and Pollen Street
Pemberton’s three direct lending strategies deployed €4.6bn last year, providing financing solutions to private equity sponsors and mid-market companies across Europe.
The strategies primarily target asset-light, high-performing companies in the core mid-market, particularly in sectors like technology, outsourced business services, biotech, and life sciences.
Pemberton has also recently broadened its investor base outside of Europe, picking up 70 new clients in Asia, the Middle East and North America.
Read more: Ares raises record €30bn for European direct lending fund
“Amidst heightened geopolitical tensions, private credit can deliver stable floating-rate returns, consistent income and act as a shock absorber for market volatility – exactly what investors would expect the asset class to do in the current environment,” said Ben Gulliver, head of portfolio management and co-head of direct lending at Pemberton.
“The announcement of substantial extraordinary fiscal spending, a likely catalyst for broader economic growth, strengthens the investment case for Europe, and Pemberton’s Direct Lending strategies are well positioned to support investors in accessing this market.”
Read more: Pemberton AM names head of European origination for GP and NAV financing
