Debt
Pantheon closes private debt secondary fund on USD 834m
New vehicle exceeded target by more than USD 300m; aims for up to 20% exposure to European debt
17Capital closes debut Credit Fund on EUR 2.6bn
Fund is the GP's first to focus on NAV financing in the form of credit, rather than preferred equity
Polestar launches circular debt fund with EUR 400m hard-cap
Fund will back Netherlands-based projects and companies involved with carbon and waste reduction
Hayfin exceeds EUR 2bn target for Special Opportunities Fund III
Credit fund will target opportunities arising from post-pandemic dislocation
Allianz holds EUR 500m first close for debut private debt fund
Fund-of-funds marks the first time that the firm has opened its strategy to institutional investors
ICG takes EUR 1.45bn ESG-linked facility for Europe VIII
Standard Chartered Bank was coordinator and mandated lead arranger on the facility
Tikehau holds EUR 617m final close for European Special Opportunities II
Fund surpassed its EUR 500m target and is more than 50% deployed, with a 68% re-up rate
Riello's Impresa Italia II holds €73m first close
Impresa Italia II targets Italian mid-market companies and specialises in providing senior and junior loans
Kartesia Credit Opportunities Fund V hits €1.5bn hard-cap
Fund provides flexible and bespoke credit solutions to lower-mid-market European companies
Capza 5 Flex Equity Fund closes on €700m
Fund offers flexible financing that combines majority and minority equity, convertible bonds and mezzanine
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
Park Square Capital Partners IV closes on €1.8bn
Fund invests in primary and secondary subordinated debt in both performing credit and dislocated debt
Ares closes Ares Capital Europe V on €11bn
Ace V is Ares' largest institutional fund yet and is 70% larger than its €6.5bn predecessor
Muzinich holds third close for second European debt fund
Private debt fund focuses on lower-mid-market companies; its predecessor closed on €706.5m in 2018
Peak Rock Capital Fund III hits $2bn hard-cap
Fund makes equity and debt investments in mid-market companies based across North America and Europe
Kartesia Senior Opportunities I holds €1bn final close
Fund provides senior financing to European small and medium-sized companies with strong credit profiles
Iberia Fundraising Pipeline - Q1 2021
Unquote compiles a roundup of the most notable fundraises ongoing across the Iberian market, including Magnum, MCH, Suma and more
Armada Credit Partners closes fifth fund on €210m
Fund V is already 50% deployed and has made seven investments so far
Italy Fundraising Pipeline - Q1 2021
Unquote compiles a round up of the most notable fundraises ongoing across the Italian market, including Clessidra, Quadrivio, Mandarin, and more
Equita Private Debt II holds second close on €131.5m
Fund provides debt financing in small to medium-sized buyout transactions led by private equity sponsors
Register for the Private Debt Secondaries virtual event
Tune in to listen to leading industry participants as they discuss the outlook for private debt secondaries on Thursday 25 March at 2pm GMT
Altamar launches €120m debt fund-of-funds
Altamar Private Debt III plans to target both direct lending funds and senior loan vehicles
Investec holds first close for PDF I on €165m
Investec has originated more than €5bn in loans across 200 transactions in the last decade
Anima Alternative 1 holds €117m first close
Fund intends to provide flexible financing solutions for the medium- and long-term needs of Italian SMEs
