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Barclays joins forces with BlueBay Asset Management’s Direct Lending Fund

Today, Barclays and BlueBay Asset Management’s Direct Lending Fund (“Fund”) announce that they are collaborating to offer joint bespoke lending solutions to medium-sized enterprises in the UK in specific deal situations. They are offering single “unitranche” loans to finance UK financial sponsor-backed mid-market companies. This initiative will provide unitranche loans of up to £120m, alongside which Barclays can provide other banking services and will be complementary to Barclays’ and the Fund’s existing lending activities.