John Bakie
The fund will be managed by David Renshaw and Richard Howe, who joined Fiera from Cheyne last year.
The firm’s seventh debt fund is thought to have secured more than €1bn of commitments with a final close expected later this year.
The fund was heavily oversubscribed and more than doubled its initial fundraising target.
The CLO will have a strong focus on ESG criteria and is expected to close next month.
Falling activity in the UK and Germany enabled France to become the top market for European private debt deals for the first time.
The firm has completed five deals across northern Europe, including its first in Denmark.
The new investors in Polestar’s vehicle, which focuses on backing innovative circular economy projects, have provided €87m.
An improving economic backdrop in Europe may not offer much hope for firms that now face the prospect of further interest rate rises
The fund is targeting €750m and is the firm’s first vehicle dedicated to energy transition debt.
The firm raised its second fund in just eight months with an almost 100% re-up rate among existing investors.