Kartesia raises €870m

The London-based fund manager expands investor base with the close of fourth credit fund.

Kartesia Credit Opportunities IV has held a final close at €870 million. The fund spent less than nine months on the road and surpassed its original target of €750 million. The fund is 50 percent bigger than the firm’s third fund, which closed on €506 million in March 2015.

The firm also succeeded in its goal of attracting US investors, as well as more investors from Europe and the Middle East. All existing investors, including Sienna Capital, re-upped to the new fund.