Signal Alpha II Fund, managed by Signal Capital Partners, has held a €900 million ($1.07 billion) final close, surpassing its €850 million ($1.01 billion) target.
The fund focuses on asset-backed stressed and distressed capital structures in Europe across the real estate and corporate markets, with its average investment size typically between €20 million and €70 million ($23.8 million and $83.4 million). The fund seeks to deploy capital across a range of mainly private situations on an opportunistic, bottom-up, fundamental basis.
Tavneet Bakshi, partner and head of EMEA at FIRSTavenue, said: “The new fund’s strategy was highly relevant for the fractured capital markets across Europe before the pandemic and has become even more relevant now, as the mid-market desperately seeks aligned capital solutions. Through this raise, Signal has cemented strong institutional backing for its platform and for future growth. We are proud to have partnered with Signal for
