Chenavari Said to Target $1 Billion Europe Direct Lending Funds
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Chenavari Credit Partners LLP is raising as much as $1 billion for its European direct lending funds as banks cut loans to small and medium-sized companies and real estate developers, according to two people with knowledge of the matter.
Chenavari, whose assets under management soared almost 100 times to $3.75 billion from $40 million five years ago, is seeking to deliver net annual return of about 12 percent for the strategy, said the people, who asked not to be identified because the information is private.