Knighthead Capital and Silo Financial have joined forces to launch Knighthead Funding.
The UK-headquartered ‘growth debt’ specialist has held a final close on €240m, beating its initial target thanks to strong investor demand.   
The firm is targeting a final close for Q4. 
The firm, best known as a distressed debt investor, is branching out into real estate debt financing with the launch of its latest fund.
The Austin, Texas-based firm appears to have increased their initial target from $400m to $650m. 
Our first ranking of the world's top private debt managers shows the top 30 firms collectively raised $322bn over the last five years.
The Minneapolis and London-based firm has not made any changes to its investment team or strategy. 
The firm is also marketing Rialto Real Estate Fund II, which held a second close in May.
 Richard D’Addario joins Phoenix Star Capital as it plans its debut CLO.  
The bank's Five Arrows private debt team, led by Martin Hook and Edouard Veber, has garnered commitments of around €300m for its first private debt fund.  
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination