Pemberton Asset Management, one of Europe’s leading private credit managers, today announces achieving its fundraise target for its first time NAV Financing Core Fund I at USD 1.7bn, with total assets raised across its NAV Financing and GP Solutions strategies now amounting to USD 2.7bn. The achievement is particularly notable given these are first time fundraises for new strategies, marking a strong debut in the space for the firm.
Pemberton’s NAV Financing strategy provides loans to private equity sponsors, secured against a cross-collateralised pool of underlying portfolio companies, which are typically used to support value-accretive bolt-on acquisitions and additional platform investments.
Its GP Solutions Strategy, which was anchored by ADIA in 2024, provides non-dilutive strategic capital solutions to private equity GPs and is often used to support strategic events including stake buy-backs, succession planning and GP commitments.
Financing secured against the net asset value of mature funds has seen a substantial rise in interest driven by an increasingly volatile macro-economic environment, resulting in extended hold periods, a heightened awareness on the importance of delivering alpha derived returns, and the need to optimise portfolio company leverage in a higher interest rate environment – our NAV Financing solutions are being utilised by proactive managers looking to optimise returns.
Pemberton recently announced the launch of a New York office, alongside senior hires including Daniel Oudiz from Houlihan Lokey and Philip Edwards from Jefferies to meet increasing demand for these strategies in the US, supplementing Pemberton’s established European platform.
The successful achievement of an ambitious fundraise target reflects the growing global interest and adoption of these strategies. I would like to thank our LPs and GPs for their continued trust and support.
Thomas Doyle, Partner, Head of NAV Financing & GP Solutions
The development of Pemberton’s NAV Financing and GP Solutions strategies, combined with our established direct lending platform and independence, positions Pemberton as a natural long-term partner for the private equity community, given our ability to provide flexible, non-dilutive portfolio company, fund level and GP level capital solutions. The achievement of the final close target further illustrates Pemberton’s ability to offer multi-strategy investment opportunities, for institutional investors seeking attractive risk-adjusted returns through European private credit opportunities.
Symon Drake-Brockman, Managing Partner
