CORDET has held the first close of its debut fund, CORDET Direct Lending with commitments of approximately EUR200 million from both Northern European and international institutional investors.
This first close is the first admission of investors to the Fund which has a hard cap of EUR600 million.
Jakob Lindquist and Magnus Lindquist, Co-Managing Partners of CORDET Capital Partners LLP, says: “We are proud to have such dedicated and strong support from our investor base and to have achieved this important milestone in the firm’s development. We look forward to growing the business and our investor base further.”
CORDET focuses on Northern Europe, in particular the Nordics and the UK, offering direct lending and private debt solutions to smaller mid-market companies with revenues of EUR10-250 million and / or enterprise values of up to EUR250 million. The Fund’s investment policy is to invest in a diversified portfolio of approximately 20-40, primarily senior secured, loans typically ranging between EUR5-30 million in size.
