John Bakie
The fund was raised in just 12 months due to demand from existing investors and will invest alongside managed accounts.
A recovery in European fundraising meant 2022's total is on course to match previous years despite difficult economic conditions.
The new branding follows Cairn’s acquisition of distressed manager Bybrook Capital in 2021.
British Business Investments and Phoenix Group will act as anchors for the fund which is looking to back high-growth software and hardware companies.
The deal will expand Nuveen’s private debt capabilities within Europe and complement its existing ownership of Churchill.
The firm’s fourth capital solutions fund will focus on providing capital to entrepreneur-led growth businesses.
Richard Howe and David Renshaw will lead the firm’s private debt strategy in Europe with a formal launch expected in 2023.
The fund was launched in conjunction with InPact Partners to provide corporates with liquidity solutions.
European deal numbers saw the third-best ever quarter in an unprecedented 12 months of deal activity.
The SKr3.1bn deal will allow DBT to scale its business in response to increasing demand for SME capital.