Hedge Funds

RiverRock in second closing for SME direct lending vehicle

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RiverRock European Capital Partners has completed the second institutional closing for its European Opportunities Fund (EOF) following investment from major UK and continental European institutional investors.

EOF is a five-year investment vehicle providing direct lending to strong, small to mid-sized businesses looking for growth or working capital. It typically invests between €5 million and €15 million in each company and works actively with management to strengthen and expand their businesses.

Following the second close, the fund has around €120 million in commitments. It will hold its final closing in June.

“Opportunities in the European lending space continue to