Rothschild closes LBO credit fund on €306m

The fund targets senior secured credit for leveraged buyouts, both in Europe and internationally. It is already invested at 95% across 53 issuers, with Rothschild expecting it to be fully invested by the end of October.

So far, the majority of the portfolio consists of secondary assets (55%) with the balance being 2014 and 2015 primary issuance. The fund targets a net IRR in excess of 6%.

Oberon Credit Investment Fund II is managed by a dedicated team in London. In 2014, Rothschild Merchant Banking's Five Arrows division, which focuses on the European market, raised €415m for its Five Arrows Credit Solutions fund. The vehicle targets unitranche, mezzanine and other junior debt instruments in the western European mid-market.

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• Topics
• Funds
• Rothschild
• Senior debt