Investcorp raises $372mln to invest in Italy's NPL market

Bahrain-based, alternative investment firm, Investcorp, has closed €340 million (372 million dollars) in commitments that it plans to put into Italy’s non-performing loans  through its vintage Italian Distressed Loan Fund II. The fund, which invests in NPLs secured by residential and commercial real estate in Italy, is Investcorp’s second investment…