EQT Credit II had completed the fundraising, reaching a total pledged amount of EUR845 million, which exceeded the target of USD750 million. There is strong interest in the fund, with more than half of its investors coming from the Nordic region, a quarter from the Americas and 20% from the rest of Europe.
The fund would invest the capital funding in both stressed and distressed situations, such as company indebtedness challenged by excess leveraging or the need for additional funding for capitalization purposes. The fund is focusing on medium term investors located in the Northern European region regardless of market situations. The company investments though would be made in operationally sound with consistent cash flow and meaningful value.
According to the EQT Credit Team Head Paul de Rome, "The confidence expressed by investors demonstrates their appreciation of EQT Credit's proven track record, successful team and distinct position in the credit landscape."
EQT Credit II would utilize the available knowledge and experience gained from the firm's network of independent Industrial Advisors as well as the broad platform built in formulating insights on possible investments with its due diligence capabilities and ability to lower risk in the long run.
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