NorthWall Capital, a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, announced the final closing of its flagship NorthWall European Opportunities Fund II and associated vehicles (NWEOF II), attracting over €640 million in investor commitments.
This fund and associated vehicles surpassed the €500 million target, receiving strong support from new and existing global institutional investors and more than doubling the size of its predecessor, NorthWall European Opportunities Fund I (NWEOF I).
NorthWall’s European Opportunities strategy, established at the firm’s launch in 2017, invests across the broad opportunity set in European opportunistic private credit by delivering scalable private capital solutions to counterparties in Western Europe. And NorthWall’s systematic sourcing approach, coupled with a focus on creating bespoke funding solutions, enables the firm to structure opportunities that deliver strong downside protection while targeting uncorrelated returns. This strategy also makes tactical allocations to areas of dislocation and has successfully participated in the dislocation in asset-backed opportunities.
Before final closing, NWEOF II was already substantially deployed, having committed about 60% of its capital to 14 transactions across five countries in Western Europe.
This fund attracted capital commitments from a global base of institutional investors, consisting of pension funds, insurance companies, large institutional single and multi-family offices, and private banks from across Europe, North America, and APAC. And the fund received strong support from a large US-based consultant and an Australian superannuation fund.
The firm’s principals have been investing in European private credit for nearly 20 years, and the NorthWall team has deployed over €1 billion in the European Opportunistic Credit strategy to date. Along with the flagship funds, the firm has expertise in legal assets, asset-backed and senior lending opportunities.
KEY QUOTE:
“We are honored by the success of the fundraise for NWEOF II and would like to thank our existing and new investors globally for their partnership. We remain committed to delivering scalable investment opportunities that generate attractive risk-adjusted returns for our investors while also serving as a reliable partner to our counterparties. We continue to observe one of the most compelling opportunity sets in European credit in recent history and will continue to thoughtfully scale NorthWall in a way that allows us to lean into areas of dislocation. I also wanted to congratulate and thank the NorthWall team that has been working tirelessly to deliver the best outcomes for our stakeholders.”
– Fabian Chrobog, Founder & Chief Investment Officer of NorthWall Capital
