Legal & General backed Pemberton closes 1.2B Euros inaugural fund affirming LGC's SME finance strategy.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, announces that Pemberton which is 40% owned by LGC has completed the final close of its inaugural European Mid-Market Debt Fund (the Fund) with €1.2 billion of commitments.
Paul Stanworth, Managing Director of Legal & General Capital, said: "Reaching well over €1 billion of commitments from institutions across the globe is a fantastic achievement by the Pemberton team. With such significant amounts of capital raised and more to come through the dedicated UK fund, Pemberton is building with Legal & General Capital's support a substantial platform from which to boost lending to businesses, domestically and across Europe, supporting economic and social growth."