Artemid holds first close for senior debt fund

The firm has raised €300m to invest in mid-market European companies with a focus on sustainability.

European mid-market lender Artemid has held a first close of its latest senior debt fund at €300 million.

Artemid Senior Loan IV will follow the same strategy as its predecessor fund, which held a final close in June 2022 at €600 million. Artemid said Fund III has deployed over €510 million to more than 30 companies.

The fund will make five- to eight-year senior bullet loans with ticket sizes between €5 million and €50 million in European companies with EBITDA from €8 million-€100 million. Most of its loans will be ESG-linked bonds with Artemid reporting that 75 percent of its financings in the past year have been designed to encourage borrowers to take tangible and measurable action to improve sustainability.

Fund IV has already completed a transaction with a loan to Ateliers de France, a French company specialised in crafts to preserve historical buildings and used in the development of luxury residences.