First vintage of Arcmont’s Capital Solutions strategy exceeds initial €500-750 million target size
LONDON, 8 September 2022: Arcmont Asset Management (“Arcmont”), a leading European private debt asset management firm, today announces the successful fundraising of its Capital Solutions Fund I and associated vehicles, attracting total strategy capital of approximately €800 million.
The total raised for the first vintage of Arcmont’s Capital Solutions strategy exceeded the firm’s initial target and reflects the strong support received from both new and existing Arcmont investors globally, including private and public pension funds, insurance companies, asset managers and family offices.
To date, the Fund is over 50% deployed and has already fully realised a number of investments, illustrating the strategy’s ability to originate, structure and execute attractive investment opportunities across a wide variety of situations and different market environments.
Launched in 2020, Arcmont’s Capital Solutions strategy provides flexible capital to companies requiring constructive capital solutions. The strategy, led by partners David Brooks and Alice Cavalier, invests in more complex, higher-yielding investment opportunities, and provides liquidity and refinancing solutions to businesses with market or company-specific challenges, and opportunistically targets secondary debt purchases and hung deals. The strategy takes a constructive, stakeholder-supportive approach and leverages Arcmont’s market-leading, pan-European investment team.
Since its inception in 2011, Arcmont has raised €22 billion across its Direct Lending, Senior Loan and Capital Solutions strategies and has committed over €20 billion across 240 transactions. Through the firm’s pan-European presence with offices in London, Paris, Madrid, Milan, Munich and Stockholm, it maintains a local origination network and builds and preserves close relationships with sponsors, borrowers and local intermediaries.
David Brooks, Co-Head of the Capital Solutions Strategy, said:
“The current challenging market environment provides one of the most compelling investment opportunities we have witnessed for our Capital Solutions strategy, and the success of this fundraise will allow us to act as a supportive and reliable financing partner to businesses impacted by market dislocation. Our ability to provide flexible and bespoke solutions to borrowers in time-sensitive situations will further our reputation as a lender of choice and partner to many of Europe’s leading private equity sponsors and businesses.”
Alice Cavalier, Co-Head of the Capital Solutions Strategy, added: “We knew that market dislocations, such as Covid and the current Ukraine crisis, would provide tailwinds for the strategy. As such, we believe the opportunity to provide constructive, patient capital to businesses affected by volatility and opportunistically acquire secondary debt positions, is set only to grow in the coming months . We look forward to continuing to work with our relationship partners to provide a wide range of financing solutions across the capital structure.”