European capital solutions provider Kartesia has held the final closing for its second-generation senior debt strategy, Kartesia Senior Opportunities, at €1.8 bn.
This amount exceeds the initial target of €1.5 bn for KSO II, which is 80% larger than the first-generation strategy. Fund I closed at €1 bn in March 2021.
The Senior Opportunities strategy invests in 100% first lien secured loans and will target European companies in the lower mid-market seeking stability and expansion, committed to being a catalyst of growth.
KSO II has already deployed 60% of its fund size in 30 portfolio companies, across seven countries and ten MSCI industries. Last week, it invested in Hotelatelier, a boutique hotel operator with around 38 hotels.
Damien Scaillierez, managing partner at Kartesia, commented: 'This is another important milestone for the Company as we continue to expand our geographic footprint and strengthen our position as one of the leading lenders to support the growth of Europe’s most exciting and innovative SMEs. Our commitment of capital to 30 European companies through this second fund demonstrates our ability to originate and execute transactions that effectively meet the needs of portfolio companies while also delivering stable returns for our investors.'
Kartesia manages over €6.7 bn in assets and is operated by a team of over 100 professionals across investment and operating teams in offices in Amsterdam, Brussels, London, Luxembourg, Madrid, Milan, Munich, and Paris.
