Credit/Special Situations
HIG Europe Capital Partners III closes on €1.1bn
Fund invests in buyouts, recapitalisations and corporate carve-outs of European businesses
Searchlight closes third fund on $3.4bn
LPs in the fund include the California State Teachers Retirement System and CPPIB
Värde Dislocation Fund closes on $1.6bn
Fund has a global mandate to pursue a mispriced, stressed and distressed credit
Q4 Fundraising Pipeline: Italy
Unquote compiles a round up of the most notable fundraises ongoing across the Italian market
ICG launches second recovery fund
Second vehicle will be larger than its predecessor, which closed on €843m in March 2010
EMZ 9 closes on €1.04bn
EMZ recently opened its first international office in Munich, headed by partner Klaus Maurer
Antares launches €300m UTP fund for fashion sector
Fondo Lusso & Lifestyle is dedicated to bank credits, with a special focus on UTP exposures
Mediobanca, Russell Investments launch third private market fund
Fund invests in secondaries, distressed assets and opportunities in dislocated industrial sectors
Sherpa Special Situations III closes on €120m
Fund targets distressed companies based in Iberia and active across a wide variety of sectors
Pillarstone Italy launches €600m turnaround fund
Responsible & Sustainable Corporate Turnaround Fund intends to support the recovery of Italian companies
Main Capital launches restructuring fund for Covid-19 crisis
Fund is dedicated to UTP exposures and is composed of a credit section and a finance unit
PHI Industrial launches €50m third fund
Fund will target European companies requiring management changes and a restructuring strategy
Zetland Special Situations Fund I closes on €372m
Zetland has a team of 14 investment professionals and €500m in assets under management
Inspirit closes debut fund on £50m
Inspirit Fund I closed on its hard-cap and is currently being deployed by the firm
Bluebay spinout Arcmont Asset Management launches
Arcmont has a legacy €13bn AUM comprising direct lending and senior loan positions
Clessidra holds €320m first close for restructuring fund
GP intends to diversify its strategy and expand its business by entering the bank credit segment
Anacap raises €1bn for credit fund
Vehicle was launched in November 2018 with a $750m target and raced to a first close on $600m
CVC Credit holds $1.42bn final close for GSS II
Special situations fund had a target of $1bn and was closed after eight months on the road
Certior holds €51m first close for Credit Opportunities Fund II
Fund focuses on the European SME direct lending segment, in particular in seeding emerging managers
Green Arrow to launch two new funds
GP will raise a €200m fund called Special Credit Situations, on the road by the end of the year
Natixis IM buys MV Credit Partners
London-headquartered MV invests in both senior and subordinated debt across Europe
Towerbrook wraps up double fundraise on $5.3bn hard-cap
Towerbrook V and Towerbrook Secondary Opportunities II (TSO II) both surpass their targets
Capzanine Special Situations holds first close on €55m
Capzanine's maiden turnaround vehicle supports SMEs experiencing a phase of underperformance
Crestline approaches final close of Portfolio Financing Fund
Texas-based GP is aiming to secure up to $500m in a February close for its debut fund