The European arm of US alternatives manager Harbert Management Corporation (HMC) is looking to hold a first close later this month for its maiden growth debt fund, sources close to the process revealed. Harbert European Growth Capital Fund has a €200 million target. The fund will invest in small to medium sized high-growth technology companies in Western and Northern Europe, the firm said in a statement.

The first close, likely to be on between €30 million and €40 million, includes ‘friends and family’ investors as well as HMC’s cornerstone commitment of €25 million. That includes contributions from the firm’s 17 partners, a source said. The strong alignment of interests between the firm’s own staff and investors is a key element of Harbert’s strategy, the source added…

Read the full story here.

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound