Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, has held the final closing for its second-generation senior debt strategy, Kartesia Senior Opportunities, at €1.8bn.
According to a press statement, the fund exceeded its initial target of €1.5bn and is 80% larger than the first-generation strategy, which closed at €1bn in March 2021.
The senior opportunities strategy invests in 100% first lien secured loans. Supported by the Kartesia platform, which manages a total of €6.7bn, the fund will target European companies in the lower mid-market. KSO II has already deployed 60% of its fund size in 30 portfolio companies, across seven countries and ten industries.
Recent transactions for the strategy include supporting FCDE and Exens Group with the acquisition of Bowen Systems; the provision of additional capital to Clearway Group for its acquisition of Secontec; and a unitranche financing package for Cemedis Group.
