European private credit firm Kartesia has held a final close at the hardcap of EUR1.5 billion for the fifth vintage of its flagship Credit Opportunities fund, following the close of its predecessor in 2017 at EUR870 million.

KCO V’s recent transactions include supporting Flywheel Partners’ acquisition of ES Global in the UK, the provision of a credit facility to finance the continued growth of Headfirst Group in the Benelux and financing the acquisition of Orbus Software by Silvertree.

The close comes less than two months after the London-headquartered firm announced a final close of EUR1 billiion for KSO I, its inaugural senior opportunities fund. This latest round of fundraising has attracted new investors to Kartesia, with more than 50 percent of the committed capital coming from new investors.

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Source: Private Equity Wire

By Karin Wasteson