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Laxman Pai, Opalesque Asia:

Pan-European focused fund house Kartesia Kartesia has held the final close on its fifth credit opportunities fund at the hard cap of €1.5bn ($1.8bn).

According to the London-headquartered private credit firm, the vehicle, Kartesia Credit Opportunities Fund V (KCO V), targets sponsorless transactions, providing credit solutions to lower mid-market European companies across the capital structure, in both primary and secondary markets.

Kartesia targets opportunities in which they can invest between $12m and $98m and have the ability to fund and hold up over $122m, with the support of limited partners.

"To date, the Fund has already completed 27 investments benefitting from the Team's strong sourcing and execution capabilities, which have allowed for a swift deployment of capital in high-quality opportunities," claimed a press release from the privately-owned European specialist financing small and middle-market companies.

The 27 investments, totaling more than €500m, include financing Flywheel Partners' acquisition of ES Global in the UK, the provision of a credit facility to finance Headfirst Group in the Benelux region, and financing the acquisition of Orbus Software by Silvertree.

"We are grateful to both our existing and new investors for their continuous support and trust in these uncertain times and would also like to thank Campbell Lutyens and Everest Holding for their assistance in helping us achieve our fundraising goals,"......................

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