Kartesia Senior Opportunities I holds €1bn final close

The fund provides senior financing solutions to European small and medium-sized companies with strong credit profiles.

Since it started investing, the fund has made 16 investments. Recent transactions from KSO I include a £32m debt investment in British dental group Envisage Dental in November 2020; a £26.7m financing package for UK-based software company Kallidus in January 2021; and a £53m debt package for BGF-backed IT consulting company Invenio in February 2021.

In addition to this senior opportunities strategy, Kartesia is managing the fifth generation of its credit opportunities funds, which provides debt packages of €10-60m to European small and mid-cap companies.

"This is an important milestone for Kartesia as we continue to expand our footprint in European credit markets," said Jaime Prieto, founding partner of Kartesia. "The swift deployment of capital from the fund throughout 2020 shows that alternative lenders like Kartesia have an important role to play in the financing of the European economy, particularly in the wake of the devastating impact of the coronavirus."

He added: "Our aim for 2021 is to continue to deploy capital selectively and invest in companies with long-term growth potential."

Kartesia is a pan-European provider of capital solutions for small and medium-sized companies from a wide range of industries, with the aim of accelerating their pace of growth.

The firm manages more than €3bn in assets and has offices in Brussels, Frankfurt, London, Luxembourg, Madrid, Munich and Paris.

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