Santander Alternative Investments has announced the first closing of its Asset Backed Corporate Lending Fund II (ABCL II), the firm's second fund focused on providing asset-backed corporate financing to small and medium-sized enterprises (SMEs) across Europe.
The fund launches with more than €150 million in assets under management (AUM), supported by a group of cornerstone investors including Santander Group, the European Investment Fund (EIF) and other institutional investors.
ABCL II is designed to provide critical financing to European SMEs through carefully structured transactions. Each investment is individually underwritten and combines corporate recourse with hard-asset collateral, aiming to deliver attractive risk-adjusted returns for investors.
The fund is targeting a total raise of €500 million, with a final closing scheduled for June 2027. Santander Alternative Investments continues to engage with a number of institutional investors across Europe that are currently conducting due diligence as part of the fundraising process.
At the same time, the investment team has already identified a strong pipeline of opportunities and expects to make its first commitments in the near term across Spain, Italy, Germany and France, key markets for the fund's investment strategy.
The launch of ABCL II further reinforces Santander Alternative Investments' commitment to expanding alternative financing solutions for European businesses, improving access to capital for SMEs and supporting sustainable economic growth across the region
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