Oquendo Capital launches €150m senior debt fund

The fund will provide senior financing for the Spanish mid-market; it expects to hold a first close in Q1 2019 and a final close before the end of the year. Oquendo has had indications of interest for around 90% of the target size so far.

Miguel Gonzalez Moyano joined Oquendo from Caixa to lead the new fund's investment strategy.

Investors
The GP received commitments from new and existing investors, including public funds-of-funds Fondo ICO Global and several local insurance companies and pension funds.

Investments
The fund will provide senior financing (tranche B) to Spanish SMEs with revenues of €50-200m and will work alongside local banks in structuring term loan B and other senior financing packages. It will provide up to €10m per transaction through direct investments and up to €30m in co-investments with its LPs.

People
Oquendo Capital – Miguel Gonzalez Moyano (investment director).

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