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Laxman Pai, Opalesque Asia: Hayfin Capital Management, an alternative asset management firm, has raised over €6 billion (about $6.5 billion) for Hayfin Direct Lending Fund IV.
The UK investment firm said in a media release that the successful fundraise comprised the commingled Fund IV, which has reached a final close, and certain related investment vehicles.
The successful fundraise comprised the commingled Fund IV, which has reached a final close, and certain related investment vehicles, it said. The direct lending fund originates, structures, and invests in performing senior secured loans to European middle-market and upper-middle-market companies.
"This fundraise, which comprised the commingled Fund IV, and certain related investment vehicles, attracted capital commitments from a broad range of institutional investors globally, including both new and existing LPs, comprising public and private pension funds, financial institutions, insurance companies, sovereign wealth funds, funds of funds, endowments, consultants and family offices," said the release.
Investors in the fund included the $3.7 billion San Antonio Fire & Police Pension Fund.
Predecessor fund Hayfin Direct Lending Fund III raised more than €5 billion, closing in 2020.
Tim Flynn, Chief Executive Officer and Co-Founder of Hayfin said: "We are delighted to have achieved this successful fundraise for the latest vintage of our Direct Lending strategy against a challenging macroeconom...................... To view our full article Click here
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