Kartesia, a renowned European capital solutions provider for small and mid-sized companies, has recently announced a major milestone. The company has successfully concluded the final closing for its sixth-generation credit opportunities strategy, Kartesia Credit Opportunities (KCO) VI, securing an impressive sum of €1.3 billion.
The fundraising efforts for KCO VI garnered substantial interest from a diverse array of investors globally, signaling strong confidence in Kartesia’s strategic vision and proven track record. According to the company, the latest fund attracted over 25 new institutional investors, accounting for nearly half of the total capital raised. This influx highlights the growing appeal of opportunistic European private credit investments managed by industry veterans like Kartesia.
Notably, Kartesia witnessed a significant surge in commitments from private wealth investors during this round of fundraising. Their contribution surged to over 20% of the total capital, a substantial increase from less than 10% in previous funding rounds. This uptick underscores the attractiveness of Kartesia’s investment approach among high-net-worth individuals seeking exposure to promising credit opportunities.
A key aspect that sets Kartesia apart is its ability to offer flexible financing solutions tailored to the unique needs of lower mid-market enterprises across Europe. Since its inception in 2013, Kartesia’s Credit Opportunities strategy has been instrumental in facilitating primary or secondary origination deals primarily devoid of sponsor involvement. This approach enables Kartesia to provide comprehensive financial support throughout the capital structure.
Furthermore, Kartesia takes pride in its commitment to responsible investing practices embedded within its core values. The Credit Opportunities strategy adheres closely to SFDR Article 8 standards—a testament to the company’s dedication to sustainable and ethical investment principles.
In addition to its flagship Credit Opportunities strategy, Kartesia boasts an array of other investment offerings such as senior credit opportunities, asset-based finance, impact investments, and a newly launched ELTIF developed in collaboration with Candriam—an affiliate of New York Life Investment Management. These diversified strategies cater to a broad spectrum of clients with varying investment objectives and risk profiles.
As affirmed by industry experts familiar with Kartesia’s operations and performance history, past vintages under their stewardship have generated impressive returns exceeding €2.3 billion at IRRs surpassing 14%. This places Kartesia among the top-tier managers within the competitive landscape of European private credit markets.
Looking ahead, Kartesia remains dedicated to exploring innovative strategies that deliver value-added solutions for its discerning clientele seeking growth opportunities amidst evolving market dynamics. With an unwavering focus on excellence and client-centricity, Kartesia continues to solidify its position as a trusted partner for strategic investments across diverse sectors and geographies.
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