Triton Debt Opportunities II Fonds schließt bei €744 Mio.
Jersey/ London — Triton Debt Opportunities II (“TDO II” or “the Fund”) has successfully completed its fundraising with commitments of €744 million, significantly surpassing its target size of €550 million. TDO II received strong support from existing investors and has secured considerable commitments from a range of institutional investors from around the world, in particular from European and US pension funds. In addition, Triton has also raised a Separately Managed Account which will serve as an overflow account for the Fund.
TDO II operates an all-weather approach to investing, using its unique sourcing network to find attractive investments at healthy prices. The Fund was therefore well positioned to deploy capital throughout 2020, during which time there has been significant price dislocation, and it is now 40% invested.
TDO II continues to see a strong pipeline of activity and anticipates considerable opportunity to invest further during the market’s recovery phase. TDO II will continue to invest in the same sectors and geographies as Triton’s private equity funds, focusing on the industrials, business services, consumer and health sectors, across the Nordics, DACH and Benelux.
The Fund invests in non-control positions across the capital structure in mid-market companies, with its average investment size typically between €10–40 million. The TDO funds benefit from a unique advantage through their access to the wider Triton network, enabling them to tap into significant resources and knowledge, specialist sector insight, and support from the firm’s investment advisory network, operating partners, senior industry experts and banking relationships.
Amyn Pesnani, Head of TDO, said: “We are extremely pleased to have been supported by a range of new and existing investors and we would like to extend our thanks for their commitment to TDO II. Our flexible investment approach, support from the wider Triton platform and strategy of identifying undervalued businesses has allowed us to already put capital to work this year, making the most of the current market conditions, and we continue to see a healthy pipeline of exciting opportunities ahead.”
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 44 companies currently in Triton’s portfolio have combined sales of around €18 billion and around 99,300 employees.