Arcmont Asset Management, a European private credit asset management firm and affiliate of Nuveen, has closed Capital Solutions Fund II and associated vehicles, raising total investable capital of €1.5bn. The fund has nearly doubled in size versus its predecessor.
It has attracted a mix of investors including pension funds, endowments, insurance companies, family offices, and sovereign wealth funds from North America, Europe, and Asia.
Launched in 2020 and co-headed by Alice Cavalier and David Brooks, the firm says that its Capital Solutions strategy originates bespoke financing opportunities with higher return potential, investing in more complex credits, junior capital, and market dislocations.
Arcmont views the strategy as highly complementary to its flagship Direct Lending strategy, leveraging origination capabilities and relationships to provide financing solutions for European private equity sponsors.
Since launch the strategy the firm has invested nearly €2bn in more than 50 transactions. Capital Solutions II is currently 55% committed with a portfolio of more than 20 investments.
