The Credit Crunch 19/03/23

Deerpath Capital Management, a New York based direct lender, raised more $2.8 billion for its sixth private credit fund. The fund will finance companies with enterprise values between $50 million and $150 million in healthcare, IT and business services. More here

Mirova, a Paris based asset manager, raised $171 million in the first closing of a blended finance debt fund. The fund expects to lend $1.2 billion to clean energy SMEs in Africa, Asia Pacific, Latin America and the Middle East. More here

Robeco, a Rotterdam based asset manager, raised $130 million for its Sustainable Senior Loan Fund. The fund will provide capital to SMEs with business models aligned with the UN’s Sustainable Development Goals and will target companies in the DACH, Benelux and Nordics. More here

Evolution Credit Partners, a Boston based lender, announced the final close of its opportunistic credit strategy. The Fund has approximately $1.05 billion and provides finance for longer-term acquisition financing as well as short-term working capital. More here

Capital Four, a Copenhagen based direct lender, raised $1 billion in its first close of its fifth senior debt fund. The fund focuses exclusively on 1st lien financing to companies located in the Nordics, DACH and BENELUX. It will target companies with an EBITDA of €10 - 20 million. More Here