NorthWall Capital, the London-based alternative credit specialist focused on Western Europe, has surpassed €2.9bn in assets under management following a series of successful fundraises across its multi-strategy platform.
The firm has secured €1.6bn in new capital commitments year-to-date, underscoring sustained institutional appetite for private credit strategies amid persistent macroeconomic uncertainty.
The 2025 capital formation effort includes first closes for the latest vintages of NorthWall’s flagship Credit Opportunities and Legal Assets strategies, continued fundraising for its Asset-Backed Opportunities platform, and the launch of its new Senior Lending strategy.
This fundraising momentum highlights a structural reallocation toward European private credit, as global investors seek resilient, non-bank lending solutions across the capital structure.
The latest vintage of NorthWall’s opportunistic Credit Opportunities strategy raised €731m at first close – exceeding the final size of its predecessor fund. The strategy targets complex, event-driven lending opportunities across Western Europe.
In parallel, NorthWall’s debut Senior Lending vehicle held a $503m first close, with total investable capital of up to $750m including leverage. The strategy focuses on senior-secured financings for sponsor-backed and non-sponsored upper mid-market borrowers across Europe, addressing a growing demand for flexible capital in an evolving credit landscape.
The firm also raised €252m for its Asset-Backed Opportunities platform, which targets sectors of the European economy underserved by traditional lenders. This includes real estate-adjacent and specialty finance assets with strong structural protections and collateral backing.
NorthWall’s Legal Assets platform continues to scale, with $169m secured across strategies that provide non-correlated financing solutions to law firms. The strategy capitalises on NorthWall’s expertise in underwriting bespoke, complex credit exposures in a niche but maturing asset class.
The firm’s headcount is expected to reach 40 professionals by year-end, as NorthWall expands its origination and underwriting capabilities to support continued deployment.
