French non-public funding agency Capza has closed its sixth classic of its non-public debt fund with €2.5bn (£2.1bn) raised.
The Paris-headquartered firm mentioned that the fundraise was “consistent with its ambition” and exceeded the quantity raised for the earlier classic by round 50 per cent.
Buyers included insurers, fund of funds, public establishments, pension funds and household workplaces globally.
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The fund funds mid-market corporates primarily in France, Germany, Benelux, Spain, and Italy by unitranche and subordinated debt. It focuses on non-cyclical sectors corresponding to healthcare, tech and B2B companies.
The fund has already carried out 24 offers and is greater than 60 per cent invested.
Capza mentioned that the sixth classic additionally integrates a strengthened method to environmental, social and governance (ESG) credentials.
Along with an in depth ESG evaluation of debtors forward of the transaction, sustainable efficiency targets (presently on 70 per cent of the portfolio) are built-in into the deal’s monetary phrases.
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“We’re extraordinarily grateful to our historic traders for displaying renewed confidence in us and to the brand new LPs who’ve invested in a difficult macroeconomic surroundings,” mentioned Guillaume de Jongh, managing companion at Capza.
“This highlights the truth that non-public debt has now grow to be a core element of institutional traders’ various bucket and confirms the standard of Capza’s confirmed non-public debt monitor document. Our purpose is to proceed diversifying our LP base internationally within the subsequent classic.”
A seventh fund is being ready consistent with Capza’s historic non-public debt technique.
Capza’s non-public debt workforce has organized €6bn of transactions since 2004.
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