Kartesia holds a first €227 million close for its new fund
Kartesia announced today the first closing of its fund Kartesia Credit Opportunity I (KCO III), totalling 227 million euros. KCO III targets total commitments of 400 million euros.
Colin Hall, CEO of Sienna Capital, a subsidiary of the publicly-traded Belgian company Groupe Bruxelles Lambert (GBL), on why they invested in KCO III
Colin Hall was already familiar with the KCO III team, having interacted with them in the past while they were working at previous institutions. “We know them to be professionals of the highest integrity,” he stated.
Why did Sienna Capital invest in KCO III?
We thought their talent and experience positioned them well to take advantage of the significant and ongoing dislocation of the European banking system.
Colin Hall - CEO of Sienna Capital
“We thought their talent and experience positioned them well to take advantage of the significant and ongoing dislocation of the European banking system,” Hall continued. Sienna Capital has made a long-term commitment to Kartesia. “We expect the team to build a leading, first-class platform in the European credit market.”