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February 20, 2019  

Toscafund Preps New Lending Vehicle

Toscafund Asset Management’s direct-lending business is marketing the third in a series of drawdown funds that originate loans to small and mid-size businesses in the U.K.The unit, Tosca Debt Capital, seeks to raise up to £400 million ($520 million) for the new vehicle, Tosca Debt Capital Fund 3. Assuming it hits the upper end of the fund-raising target, Fund 3 would dwarf the first two funds in the series, which had a combined...

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