After being named Lender of the Year in 2016 by Private Debt Investor, a highly regarded magazine within the European private debt industry, Kartesia has come away this year with not one but two prestigious awards: Lender of the Year Europe 2017 and Junior Lender of the Year Europe 2017. While we are proud of the peer recognition, these awards are especially important because they truly vindicate Kartesia’s innovative investment model.
Kartesia has enjoyed a milestone year in 2017. On the fundraising side, we closed Kartesia Credit Opportunities IV, a 862 million fund that continues Kartesia’s strategy of investing in primary and secondary debt and CLO transactions for small and middle market companies in Europe. We are delighted to welcome new world-renowned investors from the USA, Europe and Israel, and we are equally pleased by the renewed faith shown by our KCO III investors.
Recent years have shown that credit markets, notably in Europe, are increasingly subject to short cycles. From one quarter to the next, markets may be temporarily but severely affected by the underperformance of a country or industry, a commodity crisis, or even by political events such as Brexit. These fluctuations make for structurally more volatile credit markets, which swing between liquidity surpluses and shortages.
Like anyone living and working in Brussels, we were horrified by the terrible attacks on our city in March. Our thoughts are with the victims and their families. Luckily, none of the Kartesia’s team members nor their families were affected by these attacks.
Dear Limited Partners, dear Friends
Kartesia just celebrated its first anniversary.
Much has been accomplished in such a short timeframe and yet a lot more is still to be achieved. In this context, the team thought it was a good time to launch “Insight Kartesia”, our bi-annual newsletter.