AlbaCore Unveils $1.8 Billion Senior Direct Lending Strategy with Proskauer's Guidance
Deal News | Mar 31, 2025 | Proskauer Rose (UK) LLP
Proskauer Rose (UK) LLP has advised AlbaCore Capital Group on its new Senior Direct Lending Strategy, which has successfully secured $1.8 billion in initial investments. Supported by anchor investors including a subsidiary of the Abu Dhabi Investment Authority and Mitsubishi UFJ Trust and Banking Corporation, this strategic move positions AlbaCore to capitalize on expanding lending opportunities in Europe. The strategy aims to develop a diversified portfolio focused on downside protection and attractive risk-adjusted returns through senior private loans. The advisory team at Proskauer was led by partner James Oussedik, involving experts from various sectors to support this complex financial venture.
Sectors
- Financial Services
- Legal Services
Geography
- United Kingdom – Proskauer Rose (UK) LLP provided advisory services, highlighting the role of a UK-based legal team in facilitating cross-border financial strategies.
- Europe – The investment strategy is targeted towards European corporates, utilizing AlbaCore's deep understanding of the region’s corporate capital structures.
- Global – The involvement of global investors like ADIA and Mitsubishi UFJ Trust indicates the international scope and significance of AlbaCore's direct lending strategy.
Industry
- Financial Services – AlbaCore Capital Group is engaged in providing financial services, particularly focusing on credit and lending strategies within Europe facilitated by large capital investments.
- Legal Services – Proskauer Rose LLP provided legal advisory services for AlbaCore Capital's strategic launch, showcasing their expertise in complex financial transactions and fund formations.
Financials
- $1.8 billion – The initial amount of investable capital secured for AlbaCore Capital's Senior Direct Lending Strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm that advised AlbaCore Capital on their Senior Direct Lending Strategy. |
| AlbaCore Capital Group | Target Company | Company | A European credit specialist launching a new lending strategy with substantial initial investments. |
| Abu Dhabi Investment Authority (ADIA) | Investor | Government | A sovereign wealth fund of Abu Dhabi, participating as an anchor investor in AlbaCore's new strategy. |
| Mitsubishi UFJ Trust and Banking Corporation | Investor | Company | A major Japanese financial institution acting as an anchor investor in AlbaCore's scheme. |