John Bakie
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.
The fund was launched following the final close on €1.5bn of the firm’s third fund last September.
The joint venture will initially provide working capital for European football clubs but later branch out into other professional sports.
As the world enters a new economic era, firms need new financing options to help them grow in a more challenging environment.
The UK saw a significant drop in overall mid-market financing during 2022, while banks secured increased market share.
The private markets investor also announced a significant new equity investment to further its long-term growth.