Triton Debt Opportunities II Fonds schließt bei €744 Mio.

Kate­gorie: Deals
14. Okto­ber 2020

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.”

About Triton
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.

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