BNY Mellon’s AUM Reaches $42bn as Debt Management Arm Alcentra Reaches Final Close of Credit Fund at $484m

London-based private debt specialist Alcentra has made a final close of its fourth structured credit opportunities fund at $484m.

Launched in 2009, Alcentra’s structured credit platform consists of dedicated pools of capital for collateralised loan obligations (CLO) debt, mezzanine and equity investing in US and Europe.

The new fund aims to generate absolute and risk-adjusted returns through opportunistic investing in structured credit debt and equity securities in the US and Europe.

Cathy Bevan, co-head of structured credit and portfolio manager at Alcentra, said the fundraising would allow the firm to continue to take advantage of the “exciting” opportunities in the structured credit markets, and in CLO tranches in particular.

The fundraising brings assets under management for Alcentra’s structured credit platform to over $8bn across a combination of open and closed end funds and separately managed accounts. It also brings the firm’s AuM to $42.4bn.