Arrow Global Group plc ("Arrow", and together with its subsidiaries the "Group"), a leading European alternative asset manager in non-performing, non-core and real estate assets, is pleased to announce that its inaugural investment fund, Arrow Credit Opportunities I (ACO 1), has been recognised by data provider Preqin as one of the largest distressed debt funds closed in 2020.
The successful €1.7 billion fundraise for ACO 1 - which concluded in Q3 2020 and marks a key milestone in the Group’s transition to a capital-light, fund management model - was also named in the 2021 Preqin Global Private Debt Report as one of the largest Europe-focused private debt funds closed over the last year.
Full details of the annual Preqin report can be found online here.
Zach Lewy, Group CIO and CEO, Fund Management:
“The success of our debut fund raise is testament to a growing understanding among institutional investors of the clear opportunities that lie within the European non-performing loan and distressed debt market. Furthermore, our ability to achieve a first fundraise of this scale reflects the reputation Arrow Global has built since its inception as leaders in its this asset class. We now look forward to continuing to deploy the capital raised, while broadening our investor relationships and growing the Group's funds under management towards its €10.0 billion target.”
For further information:
Nick Jones, Director of Corporate Communications
Tom Blackwell, Laura Ewart, Ambrose Fullalove
0203 727 1051