Triton Debt Opportunities Fund closes at hard cap of EUR500 million
Triton Debt Opportunities Fund (TDO) has completed its fundraising with external commitments of EUR500 million, surpassing the EUR350 million target size and reaching the hard cap.
Fundraising began in September 2013. The fund is the first dedicated debt investment vehicle that will be advised by Triton.
TDO will seek to invest in businesses that are facing challenges created by excess leverage or cyclical, operational or other headwinds. The fund will focus on non-control positions and will build on the debt investing experience gained in prior funds. Investments will typically be in the loans or bonds of companies in Northern Europe, many of which have been known to Triton over a number of years.
The fund gained support from existing investors and has also welcomed a number of new investors. Approximately 58 per cent of commitments have come from North America, 34 per cent from Europe and eight per cent from the rest of the world.