London-based Intermediate Capital Group (ICG) has raised €1.1 billion for a new mezzanine loan fund, Bloomberg reports. The backer of leveraged buyouts invested €500 million in the fund.
The fund has now raised about 50 percent of its target. The fund made its initial investment in a €140 million mezzanine portion of debt backing Charterhouse Capital Partners’s buyout of Brussels-based Bureau van Dijk Electronic Publishing.
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