Opale Capital has announced the final closing of its first tactical credit fund at €75m (£62.7m) – more than double its €30m fundraising target.

The Opale Capital Strategies Crédits Tactiques fund was launched in 2023 and is invested across three strategies managed by Morgan Stanley IM, Tikehau Capital and KKR. It offers tailored financing solutions to companies, helping them strengthen their liquidity or seize strategic opportunities.

“With our first vintage of Opale Capital Strategies Crédits Tactiques, we exceeded our initial targets by 250 per cent,” said Paul Moreno Blosseville, president of Opale Capital.

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“The debt wall, particularly affecting US and European companies, will continue to create opportunities in this niche market, offering strong prospects for our investors.”

Following the success of the fund, Opale has also announced that it plans to launch a second vintage focused on ‘tailor-made’ private debt investments.

The new fund will invest in tactical credit strategies managed by Blackstone, Bridgepoint and Neuberger Berman Capital Solutions. The second vintage will be available starting from April 2025, with a minimum investment of €100,000.

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“This demonstrates the strength of our fund model, which offers complementary strategies,” added Clarisse Ohana, chief executive of Opale Capital.

“This allows investors looking to build a private markets portfolio to access a diversified offering through Opale Capital’s products. We will continue expanding our platform in the same spirit.”

Opale Capital has now surpassed €300m in total capital raised.

Read more: Finom issues first credit line