News

London, United Kingdom, [9 May, 2014] – Harbert European Growth Capital Fund LP (“HEGCF”) announces its most recent close bringing equity commitments to a total of approximately €93 million as of 1 May, 2014. The Fund is currently anchored by a European pension plan, a European government institution, a number of family offices and high net worth individuals, and HMC’s cornerstone investment of €25 million. The Fund is targeting €200 million in commitments and is scheduled to hold its final close in December 2014.

HEGCF provides specialty debt financing to European based, rapidly growing small and medium sized enterprises (“SME”s), predominantly in the information technology, life sciences and e-commerce sectors. Typical loan facilities range from €2-10 million with the flexibility to do larger transactions opportunistically.

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