Muzinich Europe Debt Fund Expects to Get $1.5 Billion (Correct)

Muzinich & Co. expects to raise more than €1.3 billion ($1.5 billion) for its third pan-European private debt fund as Asian institutions join its investor group for the first time, a company executive says.

The increase in commitments from both existing European customers and new Asian ones is a sign more investors are shifting away from US private credit due to unease over parts of that market, said Rafael Torres, co-head of private debt for Pan Europe at the asset manager in Madrid.

The new Muzinich fund, which aims to reach a final close this month, will be its ...