Dear Limited Partners and Friends,
Let us first share two pieces of good news with you which are, we believe, major milestones in our efforts to build a leading European credit platform with Kartesia.
Kartesia Advisor is pleased to announce that the final closing of its European credit opportunity fund KCO III took place on March 24th at €507 million, above its hard cap. This represents a significant oversubscription compared to its original target of €400 million.
Kartesia Advisors welcomes a new institutional investor to Kartesia Credit Opportunities I (“KCO III”), putting the total size of the fund at 415 million euros. KCO III’s investors are mainly based in Europe and in North America. Institutional investors account for over 96% of Kartesia’s LPs.