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The European market has increased at the expense of the US, as mid-market companies look to diversify their funding sources and not rely heavily on traditional banks.
The debt fund, listed on the London Stock Exchange, reported a yield of 9% in 2015. The firm says it is targeting a 10% dividend to shareholders this year.
The business development company has invested $10.8m across two tranches of debt funding in avocado processor Yucatan Foods.
An SEC filing reveals that Audax has raised $906m for its fourth fund, which targets mezzanine deals of between $15m and $100m.
The fund surpassed its initial target of €1bn and has a target IRR in the mid-teens.
The fund provides long-term capital solutions to European mid-market companies. So far, around 30% of it has been deployed.
The asset management firm has teamed up with NEOS Business Finance to target investments in the Dutch market.
Investec Aviation Finance is aiming for yields between 4 and 4.5% as it aims to raise $500m in total.
Kartesia Credit Opportunities I acquired the 51% stake through the capitalisation of Portsur Castellón’s debt.
Key man Nazar Massouh is leading Orion's charge to raise the capital, according to a recent SEC filing.