John Bakie
The fund is targeting €750m and is the firm’s first vehicle dedicated to energy transition debt.
The firm raised its second fund in just eight months with an almost 100% re-up rate among existing investors.
The fund was launched following the final close on €1.5bn of the firm’s third fund last September.
The joint venture will initially provide working capital for European football clubs but later branch out into other professional sports.
As the world enters a new economic era, firms need new financing options to help them grow in a more challenging environment.
The UK saw a significant drop in overall mid-market financing during 2022, while banks secured increased market share.
The private markets investor also announced a significant new equity investment to further its long-term growth.
PDI reveals the top investors in private debt during 2022 and takes a look at their plans for the year ahead.
The firm hopes to raise $10bn in the next five years for the WCF strategy, which targets short-term financing needs of major corporates.
Alternative real estate lenders are small in number but increasingly relied upon by an industry that the banks are withdrawing from. However, there are major difficulties in bridging the funding gap.