Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, has held the final close of its third fund (TDO III) in excess of its original €1bn fundraising target, and 40% larger than its predecessor fund, which closed at €744m in October 2020.
TDO III invests opportunistically in the credit of mid-market European companies, primarily in Triton’s core sectors of Business Services, Industrial Tech, and Healthcare. It focuses on pull-to-par investments in senior secured non-control debt of fundamentally sound companies facing temporary headwinds, via the secondary market. It also provides primary and asset-backed lending on an opportunistic basis.
TDO III secured capital commitments from a diverse base of existing and new investors from around the world, including pension funds, sovereign wealth funds, foundations, family offices and insurance companies.
It has already invested circa €500m across more than 20 investments with realised value of more than €150m.
