Fundraising

The fund is targeting €750m and is the firm’s first vehicle dedicated to energy transition debt.

The Mumbai-based investment firm has held a first close for its Strategic Situations Fund II.

The firm raised its second fund in just eight months with an almost 100% re-up rate among existing investors.

Deerpath Capital announced the closing of its sixth flagship debt fund.

New fund ECO II, having invested more than $700m, closes at $1.05bn.

The fund was launched following the final close on €1.5bn of the firm’s third fund last September.

Distressed fund, launched in February, is part of the firm’s capital solutions series, source says.

The joint venture will initially provide working capital for European football clubs but later branch out into other professional sports.

The worsening economic crisis in Australia presents opportunities in the nascent special situations market for fund managers such as Sydney-based Arbitrium Capital Partners.

 The firm is looking to leverage buyouts by PE-sponsored companies with staying power.