John Bakie
The strategy will aim to exploit growing demand for fund finance among the private equity industry.
The fund is a direct follow up to its 2018 vehicle and will continue to back mid-market American companies.
RoundShield closes its fifth fund on $1.01bn, surpassing its target, as it eyes opportunities in European asset-backed private credit across real asset sectors.
The fund is thought to be one of the largest ever raised for private debt investment in Europe.
The fund is backed by a joint venture between Park Square and Sumitomo Mutsui Banking Corporation.
The retailisation of private markets appears to be gathering speed in 2024 as major regulatory changes help widen access to products traditionally dominated by institutional investors.
The Singaporean investor has raised its second private debt fund due to strong opportunities identified in the region.
Everyone wants to get involved with private debt these days, but that includes the regulators.
The latest PDI Investor Report tracks the biggest allocators to private debt and found many remain heavily underallocated.
The deal will see Hayfin’s management team and Arctos take control of the business, which has built a substantial private credit operation in Europe and North America.