RoundShield has closed its largest personal credit score fund so far, with greater than $1bn (£0.76bn) in commitments.
This makes Fund V the biggest fund in RoundShield’s 11-year historical past. In contrast, its predecessor Fund IV closed with consumer commitments of $880m.
Quite a lot of present buyers contributed to the fund, in addition to 10 new buyers, together with a diversified mixture of main private and non-private pension funds, endowments and foundations, insurance coverage firms and household places of work.
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Fund V will give attention to investing in actual asset sectors in Western Europe, similar to hospitality, pupil housing, residential, social infrastructure, renewable vitality and different working associated actual property.
“We’re delighted to announce the shut of Fund V,” stated Driss Benkirane, founder and managing companion of RoundShield.
“This fundraising milestone underscores our buyers’ confidence in our expertise and in our potential to ship engaging risk-adjusted returns by financial cycles.
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“We imagine that European actual belongings personal credit score is a really engaging sub-category of personal credit score, particularly inside the extremely fragmented mid sized deal universe the place we make investments.
“Immediately’s alternative set is especially engaging as a result of lack of liquidity within the European mid-market, actual property valuations that proceed to regulate to the upper rate of interest surroundings and shifts in actual property utilization post-pandemic.
“We’re exceptionally happy with the robust help acquired from each present and new buyers and want to thank all of them for his or her continued help.”
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