Debt
Pemberton closes direct lending fund on €2.3bn
The firm’s strategic credit strategy was launched in 2017
Palatine’s maiden Growth Credit Fund holds first close
The fund will support maturing, high-growth but not startup companies
Fund in Focus: Indigo Capital holds first close of third fund on €120m
CEO Monique Deloire tells Real Deals the firm aims to hold the final close of the vehicle by December 2024
Arcmont raises €10bn for direct lending fund
Direct Lending Fund IV has already committed close to 55% of its capital
Exclusive: Metric Capital Partners confirms first close for fifth fund
The firm intends to hold a second close within the first quarter of 2024
Apax raises c.$750m for credit fund
The vehicle is already close to 40% deployed
Fund in Focus: White Star Capital announces Structured Growth Capital Fund I first close
The firm’s general partners Bryan McLoughlin and Hemal Fraser-Rawal tell Real Deals about the benefits of its new hybrid investment structure
Cerea Partners bags €300m for new debt fund
Cerea Mezzanine IV is 50% bigger than its predecessor fund
Yield of dreams
With private credit funds stepping up to the plate to provide debt financing in the mid-market, Jennifer Forrest speaks to these lenders on how they’re able to lend more, what this means for evolving deal structures and refinancing processes ahead of exits
Hayfin exceeds €6bn target for fourth direct lending fund
The fundraise represents the investment firm’s largest capital raise to date
Bridgepoint amasses €3.4bn for third direct lending fund
The Luxembourg-domiciled vehicle held a first close on €1.2bn in November 2021
Exclusive: Andera Partners eyeing €1bn for fifth debt fund
'Previously Andera Acto completed nine transactions per year, but it could execute 12-15 transactions this year from ActoMezz IV fund and its successor Acto V,' partner Stéphane Bergez told Real Deals.
Fund in Focus: Blazehill Capital closes sophomore debt vehicle on £250m
Despite growth and consolidation, private funds are focused on bigger cheques and deployment of follow-on capital. This, alongside high street banks' retrenchment, has created a gap in the mid-market, Blazehill MD Tom Weedall told Real Deals.
Palatine launches growth credit strategy
Palatine has hired Will Chappel as partner and Neil Pitcher as non-executive chair of the fund.
Arrow Global exceeds target to reach hard-cap of €2.75bn on new fund
The vehicle has already started deploying capital into “attractive, risk-adjusted return opportunities”, Charlotte Gilbert, MD, client and product solutions, told Real Deals.
Fund in Focus: ACP eyes €300m for Fund V
Real Deals sits down with ACP partner Christian Stix to discuss the progress of the Central Europe-focused firm's fifth fundraise.
Ambienta launches Article 9 credit strategy
The credit team will be headed by Ran Landmann as partner and CIO, while Nishan Srinivasan will become the new division’s head of origination and partner.
All Seas Capital closes maiden fund on $400m
The firm’s investor base is global, consisting of pension funds, sovereign wealth funds, consultants, insurance companies and banks from the US, Europe and Asia.
Accession Capital Partners launches Fund V
Central Europe-focused Accession Capital Partners has launched its fifth fund, having already secured about €150m of commitments.
KKR buys stake in TDC
Gary Davison, founder and managing partner at TDC, formerly Tosca Debt Capital, discusses the rationale for the transaction and the firm's outlook with Real Deals.
Poland’s CVI holds final close for maiden institutional private debt fund
The vehicle held its first close in April last year is aiming for over 40 investments in Poland, Czechia, Slovakia, Baltics, Romania and Hungary.
Beechbrook holds second close for third UK SME Credit Fund
British Business Bank Investments, Greater London Authority Strategic Reserve, Greater Manchester Pension Fund and the Strathclyde Pension Fund all commit to the fund.
Golding reaches €75m first close for debut debt co-investment fund
Golding Private Debt Co-Investment 2021 has attracted Golding’s existing investors so far, and will target €200m.
Ardian raises €5bn for fifth-generation private credit fund
Ardian’s latest fund raises €2bn more than its predecessor fund, which closed on €3bn in 2020.
Fund in Focus: THCP bullish on deployment following €1bn close
Real Deals catches up with the preferred capital provider following the €1bn close of its fourth fund, which it will seek to deploy across more regional markets over the next four years.
THCP closes fourth fund on €1bn
Three Hills Capital Partners has held a final close for its fourth Capital Solutions fund on €1bn, almost double the size of its €540m predecessor fund.
CAPZA makes c.€1.2bn first close on private debt fund
CAPZA has made the first closing of its CAPZA 6 Private Debt fund at c.€1.2bn. The fund will finance French, German, Spanish and Benelux SMEs with EBITDA above €12m.