Pemberton Asset Management, the independent asset management group backed by Legal & General, is delighted to announce that it has won Direct Lending Fund of the Year at the Alternative Credit Intelligence European Performance Awards 2016.
Pemberton won the award for its inaugural strategy, the European Mid-Market Debt Fund, which reached a final close of €1.2 billion in November 2016.
The awards recognise and reward funds that have outperformed their peers over the past 12 months. Pemberton was shortlisted for the Direct Lending Fund award alongside Ares’s Capital Europe II Fund and Omni Partner’s Omni Secured Lending Fund II.
The win caps a strong year for Pemberton, which saw the launch of its second strategy in addition to the final close of the first strategy, and significant expansion to the team.
Symon Drake-Brockman, founder and Managing Partner of Pemberton, said: “We are very pleased to have secured the noteworthy endorsement from Alternative Credit Intelligence for our debut strategy. Winning this award is an affirmation of the excellent work our team has put into raising €1.2 billion of commitments, and deploying that capital to high-quality companies across Europe.”
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