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Accession Capital Partners holds first close of debut credit fund at €90m

Accession Capital Partners (ACP) has held the first close of ACP Credit Fund I, the firm’s first direct lending fund to provide flexible senior funding for businesses in Central European EU countries, with €90 million in capital commitments. The fund, which has a target of up to €200 million, is sponsored by ACP and C Quadrat Investment AG.

ACP Credit will focus on high-growth small- and medium-sized companies in Central Europe that are seeking to grow organically, acquisitively or to refinance existing bank debt, and is therefore a natural extension of ACP’s long-standing private debt platform. The fund will provide €5-15 million per deal of senior-secured debt solutions, tailored from the full suite of senior credit products and investing primarily first lien and unitranche facilities.

The closing was supported by a mixture of new and existing ACP investors, including the European Investment Fund (through its Pan-European Guarantee Fund – Selective Loan Fund Facility) and leading European insurance companies, pension funds, banks and family offices.

The Fund is led by industry veterans Mariusz Grendowicz and Ciprian Nicolae and managed by an experienced team of credit specialists and bankers with over 100 years’ collective experience gleaned at regional banks and loan portfolios and spanning numerous economic and capital market cycles.

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