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Laxman Pai, Opalesque Asia:

European financing investor Kartesia has closed its second senior debt fund on €1.8bn ($1.94bn), almost double the size of its 2021 debut in the strategy.

The fund, Kartesia Senior Opportunities II (KSO II), exceeds the initial target of €1.5 billion, highlighting strong investor confidence in Kartesia's approach and expertise.

KSO II is 80% larger than the first-generation strategy, which closed at €1 billion in March 2021, said a media release from the pan-European, privately-owned specialist debt provider for mid-market companies.

According to the Paris-based private debt boutique, the strategy invests in 100% first-lien secured loans and is supported by Kartesia's platform, which manages a total of €6.7 bn of assets.

Supported by the Kartesia platform, which manages a total of €6.7 billion with a dedicated team of more than 100 professionals across eight European offices, the fund will target European companies in the lower mid-market seeking stability and expansion, committed to being a catalyst of growth.

KSO II has already deployed 60% of its fund size in 30 portfolio companies, across seven countries and ten MSCI industries, the European capital solutions provider said.

Recent transactions for the strategy include supporting FCDE and Exens Group with the acquisition of Bowen Systems; the provision of additional capital to Clearway Group for its acquisition of Secontec; and a unitranche f......................

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