After launching its fundraising process in December, RoundShield Partners recently held a first close – believed to be around $750m – for its latest fund, Fund V, which will focus on European asset-backed special situations and distressed opportunities.
With the first close achieving a reported re-up rate in the region of 80% and an increased amount of interest from European institutions, RoundShield plans to hold a further close for remaining capacity within the coming months.
RoundShield’s latest fund will aim to deliver returns through opportunistic investment in special situations and distressed assets, at a time when there is an increasing lack of capital solutions available.
The new fund has already surpassed its predecessor vehicle, Fund IV, which closed at its hard cap of £670 million ($833m) in 2020.
