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Laxman Pai, Opalesque Asia: Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, has beaten its €1bn ($1.05bn) target in a final close of its third debt fund.
TDO III is 40 percent larger than its predecessor fund, which closed at €744 million in October 2020, according to a press release from the mid-market investor.
TDO III has been funded by a variety of institutional investors including pension funds, sovereign wealth funds, foundations, family offices, and insurance companies.
Amyn Pesnani, Managing Partner, Head of Triton Debt Opportunities said: "We thank all our new and existing investors for their support. TDO III has been raised at an exciting time rich in opportunities as the European leveraged finance market continues its rapid growth and conditions favor opportunistic debt investing. "
TDO III invests opportunistically in the credit of mid-market European companies, primarily in Triton's core sectors of Business Services, Industrial Tech, and Healthcare. It focuses on pull-to-par investments in senior secured non-control debt of fundamentally sound companies facing temporary headwinds, via the secondary market. It also provides primary and asset-backed lending on an opportunistic basis.
The fund - TDO III - has already invested approximately €500m across more than 20 investments with a realized value of more than €150m.
According to the company, it has over 200 investment profe...................... To view our full article Click here
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