Viola Credit, a global alternative credit asset manager with $4bn in assets under management, has announced the launch of a new Growth Lending fund dedicated to the European technology market.
The fund, targeted at €300m, has completed its first close with commitments from a mix of new and existing limited partners led by the British Business Bank and European Investment Fund.
The European Growth Lending strategy is designed to provide tailored non-dilutive financing solutions to support European tech companies. It builds on Viola Credit’s Growth Lending platform, which has backed dozens of high-growth technology companies across the UK, Europe, Australia, and Israel through its previous fund vintages.
The new fund aims to deploy capital across up to 50 sponsor-backed companies in Western Europe and the UK, with a focus on sectors including Enterprise SaaS, Vertical AI, FinTech, Cleantech, and HealthTech.
