Former Merrill Lynch principal credit investment head Mark Devonshire is getting set to launch his long-awaited mCapital European and Asian Special Situations Fund after raising anchor investment from a leading Dutch institutional seeder.
IMQubator, the Amsterdam-based emerging manager fund backed by Dutch pension fund giant APG, is seeding the mCapital launch with €25 million of locked-up three-year money. It is IMQ's fifth major alternative investment fund seeding deal, following similar investments in clean-energy specialist Branta Solutions, late-stage technology PE firm HPE, quant investment...