John Bakie
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.
The new entity will continue to manage existing funds and plans to launch its own vehicles.
Regulation has pushed banks away from the strategy and private credit managers are rushing to fill the capital gap. John Bakie reports
Fund III is ahead of schedule on deployment, meaning the firm was able to launch its fifth fund in the summer.
The firm’s new European debt strategy will be managed by James Charalambides.
The fund manager’s first credit opportunities fund attracts interest from institutions and HNW investors in Europe, Latin America and South Africa.