RoundShield, a private investment firm focused on European asset-backed private credit opportunities and capital solutions, has successfully closed RS Fund V with over $1 billion in investor commitments. This is the largest fund in RoundShield’s 11-year history and is nearly $150 million above its fundraising target.
This fund attracted commitments from existing investors in RoundShield’s earlier vintage funds and ten new investors, including a diversified mix of leading public and private pension funds, endowments and foundations, insurance companies, and large family offices globally. Showing strong support from previous clients, over 80% of the investors in Fund V had invested in a previous RoundShield fund.
RoundShield is deploying Fund V in asset-backed private credit investments through a primary focus on real asset sectors in Western Europe like hospitality, student housing, residential, social infrastructure, renewable energy and other operating-related real estate.
With the senior partners each having over 20 years of experience in asset-backed private credit, RoundShield’s capabilities are further validated by its unique proprietary sourcing network spanning sectors and localities across Europe and the UK. And its in-house asset management team is comprised of former bankruptcy administrators and restructuring specialists, who provide specific expertise to the firm’s asset management capabilities.
KEY QUOTE:
“We are delighted to announce the close of Fund V. This fundraising milestone underscores our investors’ confidence in our experience and in our ability to deliver attractive risk-adjusted returns through economic cycles. We believe that European real assets private credit is a very attractive sub-category of private credit, especially within the highly fragmented mid-sized deal universe where we invest. Today’s opportunity set is particularly attractive due to the lack of liquidity in the European mid-market, real estate valuations that continue to adjust to the higher interest rate environment and shifts in real estate usage post-pandemic. We are exceptionally proud of the strong support received from both existing and new investors and would like to thank them all for their continued support.”
-Driss Benkirane, Founder and Managing Partner of RoundShield
