Capital Four private debt fund reaches hard cap of €3bn
Denmark-based credit specialist Capital Four has announced the final close of its fifth private debt vintage at its hard cap of €3bn (£2.5bn).
The Private Debt V fund focuses exclusively on first lien senior secured bilateral financings to private equity-sponsored companies located in the Nordics, DACH and BENELUX regions, which have an EBITDA of between €10m and €20m.
A large part of the loans included in the portfolio will be sustainability-linked, the firm said.
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”We would like to sincerely thank our investors for their continued trust and confidence in Capital Four,” said Sandro Näf, chief executive and founding partner at Capital Four.
“The successful close of our Private Debt V vintage reflects the strength of our long-term relationships and the strong track record of our private debt investment strategy.
“Notably, 26 investors from previous vintages chose to reinvest in the PDV vintage, representing 67 per cent of the prior vintage AUM – highlighting the strong belief in our approach and performance.
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“At this stage, we see a very substantial deal pipeline beyond the 25 deals (44 per cent deployed) already invested in the Private Debt V vintage. We are fully committed to deliver best in class investment performance based on continued rigorous implementation of our proven investment process and effective sourcing from our proprietary relationship network.”
The fund attracted commitments from a diverse group of sophisticated investors across 17 countries and four continents, the company added.
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