Investcorp has raised €340 million ($372 million) for its Italian NPL Fund II, the ninth vintage in the firm’s special opportunities platform.
The platform seeks to capitalize on opportunities arising from market dislocations and structural shifts. The Italian NPL Fund II aims to invest in nonperforming loans secured by residential and commercial real estate in Italy.
“Several years ago, we identified that many banks across Italy would need to reduce their credit exposure and strengthen their balance sheets, creating opportunities for investors with strong underwriting expertise,” said Timothy Mattar, global head of distribution at Investcorp. “We know the Italian NPL market well, and we have further strengthened our capabilities through partnerships with dedicated local expertise in the Italian credit market.”
Elena Ranguelova, portfolio strategist at Investcorp, noted that the firm has identified compelling opportunities to acquire attractive loans
