White Star Capital has held the first close of its Structured Growth Capital Fund I, a new hybrid investment strategy which combines credit and equity capabilities, with the support of existing and new limited partners.
The new fund, co-managed by General Partners Hemal Fraser-Rawal and Bryan McLoughlin, is an all-weather strategy which aims to allow investors to benefit from income generation, at a time of higher interest rates, while staying invested in long-term capital appreciation.
White Star says the hybrid structure allows the fund to respond with creative credit and equity solutions, regardless of market environment, to fund further growth, execute acquisitions, or bolster liquidity.
The core investment focus is on proven venture and private equity backed technology-enabled companies across Europe and Southeast Asia currently underserved by a lack of financing options. White Star Capital estimates the core investment universe for Structured Growth Capital at over 10,000 companies.
The fund is a natural extension of White Star Capital’s existing local presence in Europe and Asia whilst complementing its existing venture capital investment strategies: the firm’s Venture Fund and Digital Asset Fund. The Venture Fund typically invests in companies at Series A and B, while the Structured Growth Capital Fund will look to support later-stage companies with proven business models and growth trajectories from the Series B stage and onwards.
