December 18, 2019 / 7:12 AM / a month ago

BRIEF-Arrow Global raises 838 mln euro non-performing loans fund

Dec 18 (Reuters) - Arrow Global Group PLC:

* ARROW GLOBAL GROUP PLC (“ARROW GLOBAL”, AND TOGETHER WITH ITS SUBSIDIARIES “GROUP”) ANNOUNCES A EUR 838.0 MILLION FUND RAISING FOR INAUGURAL PAN-EUROPEAN NPL FUND

* EUR 838.0 MILLION ACHIEVED IN TOTAL CAPITAL COMMITMENTS, WITH EUR 628.5 MILLION FROM THIRD-PARTY INVESTORS . TARGETING EUR 2.0 BILLION OF TOTAL AUM BEFORE END OF 2020

* FUND WILL INVEST IN SELECTIVE EUROPEAN CREDIT OPPORTUNITIES SOURCED THROUGH ARROW GLOBAL INVESTMENT MANAGEMENT BUSINESS Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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