CAPZA announced the successful closing of Artemid Senior Loan IV, raising more than €1 billion for the ASL IV fund and related co-investment vehicles. The total includes approximately €700 million of commitments to ASL IV, about €190 million raised through co-investments, and €120 million allocated to an evergreen fund dedicated to an institutional investor.
The firm said the latest fundraising total is 75% higher than the prior generation, reflecting increased investor demand for the strategy. CAPZA said the raise drew roughly 20 French and European investors, with about one-third identified as new clients. The investor base included returning backers such as insurers, mutual insurance groups, French institutional investors, and family offices, alongside new subscribers, including pension funds and foreign insurers.
The Artemid Senior Loans strategy focuses on bullet senior debt financings with maturities of five to eight years for predominantly unlisted European companies with EBITDA between €8 million and €100 million and moderate leverage. CAPZA said these financings are used to support acquisitions and corporate growth initiatives. The Artemid Senior Loan range now manages €1.6 billion in assets. It is positioned within a private debt and alternative credit platform created by combining AXA Investment Managers’ alternative investment activities with the BNP Paribas Group.
CAPZA said more than 60% of capital has already been deployed across ASL IV and its co-investment vehicles, financing more than 25 companies with individual investments ranging from €10 million to €50 million. The firm added that more than 90% of transactions incorporate non-financial criteria, including ESG aspects, with the aim of encouraging borrowers to accelerate sustainability progress.
The closing was accompanied by a team expansion that CAPZA said brings the Artemid Senior Loans group to seven experienced professionals, including a Director based in Munich. CAPZA said ASL IV has completed its first investments in Germany and Italy and is expanding activity in the Netherlands and Spain, in coordination with teams in Paris, Milan, Munich, Madrid, and Amsterdam.
Looking ahead, CAPZA said it plans to launch a new vintage in 2026 that will follow the prior approach, offering bullet senior financings with five to eight-year maturities under similar criteria. CAPZA also said the Artemid fundraisings total more than €2 billion and have financed more than 90 mid-cap companies.
KEY QUOTES:
“We welcome this encouraging trend, which is gaining further traction. The renewed trust of existing investors and onboarding of new clients, including several international players, confirm the strength and relevance of the strategy.”
“We welcome this encouraging trend, which is gaining further traction. The renewed trust of existing investors and onboarding of new clients, including several international players, confirm the strength and relevance of the strategy. This success reinforces our positioning in low-leverage senior financings for midcaps and demonstrates the value of offering flexible, tailored solutions,” – Annie-Laure Servel, Managing Partner, Artemid SAS.
Annie-Laure Servel, Managing Partner, Artemid SAS
“The successful fundraising for our Artemid Senior Loans strategy, exceeding our initial target and attracting 30% new investors, reflects market recognition of our team’s expertise built over more than 10 years. This achievement confirms AXA IM Alts’ ability to provide clients with a comprehensive range of alternative credit solutions and privileged access to diverse opportunities, while supporting portfolio diversification in private debt—a rapidly growing asset class.”
Christophe Fritsch, Global Head of Alternative Credit at AXA IM Alts
