Viola Credit, a global multi-strategy credit asset manager focused on the innovation economy, has completed the final close of its third Asset-Based Lending (ABL) fund, reaching $2 billion in committed and investable capital. The fund surpassed its $1.5 billion target, reflecting sustained institutional appetite for private credit and ABL strategies.
The fund comprises capital commitments from a diverse mix of institutional investors, including pension funds, insurance companies, and family offices, with both new and returning partners participating. This milestone follows Viola Credit’s $600 million first close in April 2024 and a $500 million strategic joint venture with Cadma Capital Partners, an affiliate of Apollo Global Management, announced in May 2025. Together, these initiatives reinforce the firm’s continued expansion across Western markets.
The new fund builds on Viola Credit’s $3 billion track record in asset-based lending and is expected to finance up to 30 to 40 new and existing FinTech and tech-enabled lenders operating in the U.S., U.K., Western Europe, and Australia. Target sectors include SME finance, payments, consumer credit, music royalties, and embedded lending. The capital will be deployed across sponsor-backed and emerging lenders to expand origination capacity, diversify funding sources, and support long-term growth.
To further strengthen its regional presence, Viola Credit recently appointed Conor Sheehy as Head of ABL Europe. Sheehy joins from HSBC Innovation Bank, where he led Warehouse Lending across EMEA. Earlier this year, the firm also added Michael Chen as Head of U.S. ABL Investments, reinforcing leadership across its global operations.
With this close, Viola Credit now manages $4 billion in assets under management across its offices in New York, London, and Tel Aviv, supporting a portfolio spanning 10 countries. The fund marks another step in the firm’s effort to solidify its position as a key strategic partner for technology-driven lenders seeking scalable, efficient capital solutions.
KEY QUOTE:
“The final close of our third ABL fund marks another important milestone in the expansion of our global lending platform. This milestone reflects the continued interest from institutional investors in the private credit market and the growing role of asset-based lending within it. In a dynamic fundraising environment, the new capital enables us to continue serving as a strategic partner to tech-enabled and FinTech lenders supporting them as they expand their originations and strengthen their access to efficient capital. The Fund continues our established approach of partnering with both new and existing lenders across Western markets on transactions ranging from $10 million to $500 million.”
Ruthi Furman and Ido Vigdor, Managing Partners at Viola Credit
