EQT Credit secures commitments totalling EUR 350 million
- EQT Credit secures commitments of EUR 350 million
- Focus on investments in debt of operationally sound but over-leveraged mid-sized European companies
EQT Credit Limited has successfully closed the EQT Credit fund. EQT Credit Limited will be advised by EQT Partners’ experienced team of credit professionals led by Paul de Rome. The fund’s commitments originate from the strong support of existing EQT investors as well as a number of new high quality global investors. The investor base includes pension funds, insurance companies and family offices.
The EQT Credit fund will focus on investing in the debt of operationally sound but over-leveraged mid-sized European companies. The fund seeks to be a mid to long-term investor and has the flexibility to make investments in the secondary market as well as by providing new funds where traditional sources of capital are unable to provide a satisfactory solution for stakeholders.
It is anticipated that the thorough diligence-oriented approach taken by EQT Credit Limited and support from EQT’s network of industrial advisors will provide the fund with an advantage in investment selection.
Paul de Rome, Co-Head of EQT Partners’ Credit Team comments: “We are happy with the positive outcome of the fundraising, despite an extremely challenging market environment. Our view is that with the support of EQT’s global industrial network, the fund is in an excellent position to deliver on its strategy.”
MVision Private Equity Advisers acted as global placing agent to EQT Credit Limit
Contacts:
EQT Partners, investment advisor to EQT Credit Limited
Paul de Rome, Co-Head of the Credit Team, +44 20 7430 5516
Johan Hähnel, Communications & PR +46 8 506 55 334
About EQT
EQT is the leading private equity group in Northern Europe with around €13bn in raised capital and multiple investment strategies. Together with a superior network of Industrial Advisors, EQT implements its business concept by acquiring or financing good medium-sized to large companies in Northern and Eastern Europe, Asia and the United States, developing them into great companies. Development is achieved by applying an industrial strategy with focus on growth. Since inception, EQT has invested in more than 80 companies (equivalent to €8.9bn) and exited around 40. EQT-owned companies have more than 500,000 employees.
EQT Credit invests in the debt of operationally sound but over-leveraged medium-sized European companies, seeks to be a mid to long-term investor and has the flexibility to make investments in the secondary market as well as by providing new funds where traditional sources of capital are unable to provide a satisfactory solution for stakeholders.
EQT Partners, acting as investment advisor to the managers of each EQT fund, has more than 100 investment professionals with an extensive industrial and financial competence. EQT Partners has offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and Zurich.
More information can be found on www.eqt.se
The above is not an offer of securities for sale in any jurisdiction and interests in the fund may not be offered nor sold in any jurisdiction except in accordance with applicable law.