Leonid Capital Partners (Leonid), an alternative investment management firm focused on private credit in the US National Security market, has held the final closing of its oversubscribed Leonid Opportunities Fund I with $240m in capital commitments.
The fundraising included an investment from Victory Park Capital.
Leonid launched its private credit strategy in 2019 to capitalise on the growing opportunity in the US Federal contracting space. The strategy seeks to generate consistent current income with strong downside protection through corporate secured lending, sized and structured around US Federal contracts, with a particular focus on National Security.
Leonid focuses on smaller and less crowded parts of the market, with transaction sizes generally between $1m and $25m.
