North Wall Capital has reached a first close of its European Opportunities Fund with €200 million of committed capital, PDI has learned.
Sources close to the firm said it has received the allocation from a global pension fund. €100 million is committed to the fund, with an additional €100 million for co-investment opportunities. North Wall declined to comment.
European Opportunities Fund is a move into North Wall’s third strategy and is targeting €500 million. The firm already has funds targeting distressed real estate portfolios and litigation funding.
The fund will provide flexible capital solutions for businesses in Western Europe and asset-backed opportunities. It will focus on complex investments in the mid-market that fall outside the scope of larger lenders but can pursue larger investments alongside its LPs.
North Wall was founded in 2017 by Fabian Chrobog, Alexander Garnier and Ian Lokkerbol to provide private capital to non-standard, complex and non-correlated European opportunities.