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Idinvest caps successful first foray into senior loan market

The fund of funds manager joins other firms such as ICG, Haymarket Financial and Partners Group in capitalising on investor demand for senior loan funds

French fund of funds manager Idinvest has closed its debut SME senior debt fund above target, marking a successful first foray into the burgeoning and competitive European senior loan market.

The Parisian firm, which spun out of German financial services giant Allianz Group in 2010, has raised €281m for Idinvest Dette Senior, exceeding its €250m target, according to a statement.

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