Andrew Hedlund
The financial firm has lined up more commitments that are expected to take the vehicle past the €100m mark.
The New York-based mid-market lender also approaches deals as “collaborators”.
The firm will put the money raised to work in sponsored deals involving North American companies.
The manager’s first fund of its kind has already invested $108.5 million on a Chicago office tower.
The alternative asset manager’s venture would make between 20 and 30 investments.
The total capital raise comes after the Boston-based investment vehicle submitted its registration statement earlier this month.
The firm’s latest final close is the second debt fund in 2016 that has surpassed its target.
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Rich Randall said such an investment is not subject to economic booms and busts like other types of debt.
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The transaction is the latest in a string of deals that is remaking the BDC landscape.
A key figure at Canada Pension Plan Investment Board’s private credit group has decided to leave after being part of a division that has grown rapidly since its 2009 inception.