Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, has held the final closing for its sixth-generation credit opportunities strategy, Kartesia Credit Opportunities (KCO) VI, at €1.3bn.
The fundraising of KCO VI received strong interest from a global base of Limited Partners (LPs) with notable support from a diverse mix of leading US, European, Middle Eastern, and Asian investors.
There were more than 25 new institutional investors to the strategy representing nearly 50% of the capital, evidencing continued growth in interest from investors looking to gain exposure to opportunistic European private credit via highly experienced managers like Kartesia.
KCO VI also saw significant growth in commitments from private wealth investors, growing to over 20% of total capital compared to less than 10% for the prior vintage.
Half of the fund has already been deployed across a number of high-quality investments, demonstrating robust borrower demand and the team’s execution capacity in the current environment.
Kartesia’s Credit Opportunities strategy, operating in the European lower mid-market since 2013, allows for flexible dual-track, primary, or secondary origination in predominantly sponsorless deals, providing bespoke financing solutions across the capital structure.
Past vintages have returned over €2.3bn to investors at IRRs exceeding 14%. The Credit Opportunities strategy actively aligns with the SFDR Article 8 standards.
