A Nordic institution plans to allocate approximately €10-15 million to a private credit fund focused on opportunistic or special situation direct lending. According to Global Fund Search, the investor is exploring opportunities within the European opportunistic and special situation private credit space, with a potential commitment to such a strategy in 2025.
Search Criteria
- Strategy: Corporate direct lending strategies in the European opportunistic/special situation space. Preferably senior secured.
- Hard restriction: No exposure to tobacco producers.
- Return target: Net IRR of 15% or higher measured in EUR (after hedging costs)
- Timing: Funds that are targeting Final Close no earlier than Q2-2025
- Geography: Europe
- Global funds are also possible of interest, but no pure Asian funds etc.
- Fund term:
- Investment period: 2 – 4 years from Final Close
- Total term: 7 – 10 years
Investment vehicle
- A traditional closed-ended structure (could possibly consider open-ended/evergreen with option to structure the investment as a closed-ended fund
- Hard restriction: Opaque fund structures
Deadline
October 10, 2024 (Cut-off: Midnight CET, Expiry date inclusive)
To review the search and apply, asset managers need to register here on globalfundsearch.com
Questions?
Please contact support@globalfundsearch.com
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