The French asset manager will handle the raising and deployment of €350m of capital to help Belgian companies recover from the pandemic.
The world’s most mature private debt market is to be found in the US. It is also currently a hive of activity as it shakes off the effects of the health crisis.
The manager expects a final close of the special situations fund by 2022.
The alternatives giant has taken up an option to double its interest in the UK-based fund manager three years into their strategic partnership.
The firm, which was formed earlier this year, has been investing prolifically into the direct lending market.
CVI’s first institutional direct lending fund raised for the CEE region is making progress towards its eventual €300m target.
There are no signs yet of investors putting caution to one side, but a change in sentiment may not be far off.
The firm is looking to provide wealth and asset managers’ clients with access to all of its private debt strategies.
Those businesses that have emerged from the pandemic in the best shape may have particular financing requirements. Lenders are taking note.
Private debt managers have made considerable progress but, particularly in North America, there is more to be done.
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