Rothschild Merchant Banking raises €655m

Rothschild Group’s investment arm closes latest credit fund above target.

Rothschild Merchant Banking has announced the close of Five Arrows Direct Lending (FADL) at €655 million, surpassing its €400 million target. The direct lending fund provides debt financing in the form of senior-secured unitranche facilities focused on European mid-market companies.

The fund has a global investor base comprised of insurance companies, pension funds, family offices, high-net-worth individuals and other institutional investors.