
Capzanine to hold final close for €950m private debt fund in Q1
Capzanine's Capzanine 4 Private Debt fund is expected to hold a final close in March.
The fund, launched in early 2017, specifically focuses on private debt, a spokesperson for Capzanine confirmed. It is expected to close on €950m.
The vehicle has already been used for nine investments.
The fund was recently used to finance the buyout of French online marketing and digital strategy consulting agency Labelium. Capzanine provided a unitranche financing and an additional acquisition financing line to fund the group's future build-ups.
The latest fundraising announcement from Capzanine was done in January this year, when Capzanine Special Situations held a first close on €55m, with a final target of €250-300m. The vehicle targets companies experiencing a phase of underperformance.
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