Decalia closes second debt fund on €311m

The fund will focus on less served parts of the European credit market in order to generate alpha for higher returns.

European fund manager Decalia has closed its second private credit fund above target on €311 million.

Decalia Private Credit Strategies II closed well above its €250 million target and exceeded it’s predecessor’s €118 million by more than 2.5x.

The fund will adopt a similar strategy to its predecessor, targeting double digit net returns by investing in less competitive segments of private debt through a combination of co-investments, secondary investments and partnership investments.