Debt
Fidelity markets EUR 1bn-plus debut direct lending fund
Asset manager is in discussions with prospective LPs for vehicle registered in December
AnaCap carves out credit division
New business, Veld Capital, will raise new funds and also deploy via AnaCap's existing credit funds
Adams Street launches private credit platform in Europe
Investor hires James Charalambides from Sixth Street to lead new strategy out of London
ICG on EUR 10bn-plus direct lending fundraise for large deals
New unitranche fund will be on par with Ares’ latest, which has a target north of EUR 11bn
ICG closes European Corporate fund on EUR 8.1bn
Fundraising exceeds EUR 7bn target set for eight vintage of flagship debt fund
Tikehau holds EUR 3.3bn final close for TDL V, plans further fundraises
GP said in its H1 2022 results that it has fundraises for its flagship funds in sight for Q3
ACP holds EUR 90m first close for debut credit fund
Fund aims to bridge the lending gap for Central European lower mid-cap businesses, complementing existing bank lending
Shard Credit holds first close for GBP 75m debut venture debt fund
GP has so far raised GBP 16.5m; hopes to hold final close by June 2023 on hard cap of GBP 100m
Pemberton assesses European market for NAV strategy
Having hired Tom Doyle from 17Capital, the firm is looking at trends including generational change and market consolidation that will drive demand for strategy
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