US-headquartered private credit fund, Muzinich Co, has announced via a media note the final close of its Asia Pacific Private Debt I Fund, at $500 million.
The fund targets opportunities in the core and lower-middle market across Apac and is today around 35-40% deployed through eight closed investments, Muzinich Co CEO and head of Apac private debt, Andrew Tan, told FinanceAsia. He added that the fund is targetting returns in the “low to mid-teens.”
Tan earlier told FA that the firm was aiming for a close by end of June and, as of April, the fund had deployed $180 million across seven investments in...
¬ Haymarket Media Limited. All rights reserved.
