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Alternative Market Briefing

Capital Four surges past its fund target to reach $1.45bn for a new debt vehicle

Tuesday, September 27, 2022

Laxman Pai, Opalesque Asia:

Credit asset management boutique Capital Four has hauled in 1.5 billion ($1.45bn) for the final close of its third private debt fund, exceeding its initial 1 billion target.

According to a media statement from the financial institution in Copenhagen, Denmark, Capital Four Private Debt III - Senior has well-received commitments from new and long-standing investors and capital being raised from insurance companies, endowments as well as pension funds.

"With a deployment rate of more than 90% at the hard close, the Fund was deployed ahead of schedule, allowing the successor fund (Private Debt V - Senior) to launch earlier than planned during the summer," said the credit asset management boutique.

According to the release, the successor fund follows the same investment strategy and focuses exclusively on bilateral senior secured financings to companies located in the Nordics, DACH, and BENELUX. It will invest only in companies with an EBITDA of 10 - 20 million, which have a strong and resilient profile as well as competitive market positions.

In addition, a large part of the loans included in the portfolio will be sustainability-linked, making Private Debt V - Senior compliant with EU SFDR Art. 8.

Sandro Naf, CEO and Founding Partner at Capital Four, said: "The interest of the investment community in sourcing, structuring, and investing in private debt instruments has increased. Through the consistent expansion of our investment p......................

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