John Bakie
All the investors in the firm’s first special opportunities fund recommitted to the new vehicle.
The energy crisis facing Europe has shown that despite best intentions among investors to go green, fossil fuels are still essential for stable energy supplies.
The follow-up to its 2020 fund is the firm’s largest yet and features a dedicated co-investment vehicle.
A lack of fund closes in Europe in H1 2022 contributed to some of the lowest fundraising volumes in years.
The vehicle was specially created to meet the needs of UK pension funds to diversify their private credit portfolios.
The fund manager has widened its base of LPs, with a growing number of commitments coming from outside of Europe.
The firm’s first dedicated fund for investing in asset-based loans follows on from several years of ad-hoc investments in the asset class.
The firm’s follow-up to its 2019 fund secured strong backing from investors in Europe and the US for its senior secured debt strategy.
The fund has an €800m target and is aiming to create a portfolio that supports inclusive, ecological transition.
The firm’s latest credit strategy will focus on opportunistic credit and special situations investing.