CORE INCOME • PRIVATE DEBT
CORDET holds first close of direct lending fund at approximately €200 million
April 14, 2016
CORDET is pleased to announce the first close of its debut fund, CORDET Direct Lending (the “Fund”), with commitments of approximately €200 million from both Northern European and international institutional investors. This first close is the first admission of investors to the Fund which has a hard cap of €600 million.
Jakob Lindquist and Magnus Lindquist, Co-Managing Partners of CORDET Capital Partners LLP, said: “We are proud to have such dedicated and strong support from our investor base and to have achieved this important milestone in the firm’s development. We look forward to growing the business and our investor base further.”
CORDET focuses on Northern Europe, in particular the Nordics and the UK, offering direct lending and private debt solutions to smaller mid-market companies with revenues of €10-250 million and / or enterprise values of up to €250 million. The Fund’s investment policy is to invest in a diversified portfolio of approximately 20-40, primarily senior secured, loans typically ranging between €5-30 million in size.
For further information please contact:
Jakob Lindquist: +44 (0) 20 7100 5502; firstname.lastname@example.org
Magnus Lindquist: +46 (0) 73 316 0963; email@example.com
CORDET Capital Partners LLP is an independent credit specialist founded in 2013 by a group of financial industry leaders with the aim of providing private debt and alternative funding solutions to mid- market companies in Northern Europe while also addressing the need of many institutional investors for attractive risk-adjusted core income-focused credit investment returns. CORDET’s team originates, evaluates and structures its debt investments locally through offices in London and Stockholm and seeks to develop and maintain long-term and sustainable partnerships with borrowers, banks, intermediaries as well as business owners such as financial sponsors and entrepreneurs. CORDET Capital Partners LLP is authorised and regulated as a full-scope Alternative Investment Fund Manager (AIFM) by the Financial Conduct Authority. CORDET Capital Partners LLP is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940
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