Colbeck Capital strategic lending fund raises $700m

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Colbeck Capital strategic lending fund raises 0m


Colbeck Capital has raised $700m (£573.42m) for its third strategic lending fund, surpassing its goal by 40 per cent.

Colbeck Strategic Lending III focuses on strategic lending within the center market. It was funded by a mixture of new and current traders, together with private and non-private pensions, insurance coverage corporations, endowments, foundations, consultants, registered funding advisors and household workplaces.

The fund originates, constructions and funds senior secured loans to unsponsored, asset-heavy and money movement producing middle-market corporations present process transition.

“We’re grateful for the large assist now we have obtained for the fund from each new and current traders,” mentioned Jason Beckman and Jason Colodne, managing companions and co-founders at Colbeck Capital.

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“We imagine it displays traders’ confidence in our differentiated method and crew, in addition to underscores rising institutional urge for food for time-tested and specialised personal credit score methods.

“As we begin the brand new yr, we see compelling alternatives to create extremely structured capital options that may present unsponsored companies with the versatile financing they require and our traders with the outcomes to which they’re accustomed.

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“We sit up for executing on new investments and additional scaling our platform and portfolio.”

The shut of the fund brings Colbeck’s present invested and dedicated capital to $3bn.

In the direction of the tip of final yr, Colbeck expanded its crew by hiring Gregory Budetti and Henry Chang as head of enterprise growth and senior vice chairman on the funding crew, respectively.

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