Ropes & Gray Advises Incus Capital on its Fourth European Credit Fund
Ropes & Gray has advised Incus Capital, the Madrid-based private market investment advisory firm, on the successful close of its European Credit Fund IV (“Fund IV”), reaching its hard cap of €650 million in commitments, having received strong support from its existing investor base.
Similar to its predecessor funds, Fund IV invests in credit opportunities focusing on small and medium-sized enterprises in Europe. The pan-European fund targets value-oriented asset-backed investments. The Fund IV investment program has been active since July 2022 and has already invested and drawn significant amounts of capital for multiple transactions in the firm´s main sectors of infrastructure, renewables and real estate.
The Ropes & Gray team was led by funds partner Tom Alabaster, with funds counsel Chris Townsend, in London. Other members of team included partners Eve Ellis, Joel Wattenbarger, Nicole Krea (asset management - regulatory) and Brenda Coleman (tax), counsel Seth Piken (tax), associates Kayla Fourie, Valerio Vitelli, Andrew Davis, Dorota Maj, Lewis Hammond (asset management), Chris Shim and Brian Sit (tax).