Triton Debt fund closes on €500m

The fund, which is Triton's first debt vehicle, was launched in September last year.

Investments
TDO will target businesses struggling with too much debt or those with cyclical or operational difficulties. The vehicle will seek non-control positions, investing through loans or bonds. The fund will focus on northern Europe.

Investors
The fund attracted 58% of commitments from the US, 34% from Europe and 8% from the rest of the world. The majority of investors are existing LPs in Triton's buyout funds, and were joined by several new investors.

People
Mark Weston is head of investor relations at Triton.

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