Kartesia wins Creditflux Award for “Best European direct lending fund 2018”
Kartesia is proud to receive one of the most prestigious and selective awards in the industry: Creditflux Best European direct lending fund 2018 for Kartesia Credit Opportunities III (KCO III).
The Crediflux jury chose KCO III based on leverage-adjusted IRR (net of fees) performance since inception as of the end of 2017, compared to the entry leverage (i.e. at the time of the investment). In coming to a decision, Creditflux screened over 30 funds created between January 2013 and 30 July 2015 that invest predominantly in non-syndicated debt from European companies with an EBITDA below €50 million.
Since inception, Kartesia has consistently focused on sourcing non-ordinary opportunities delivering solid risk-adjusted returns to investors. 2017 marked Kartesia’s strongest year to date, both in terms of investment opportunities and development. The firm announced in October the closing of its fourth fund, Kartesia Credit Opportunities fund (KCO IV) at its hardcap of €870m. KCO IV strategy is aligned with its predecessor fund and is expected to be 80% invested by year-end. Kartesia’s total AUM is now at €1.4bn invested in c.100 companies.
Jaime Prieto, cofounder and managing partner of Kartesia, said: “Over the last 10 years we have grown across Europe and refined our expertise to select the best investments in a large pool of opportunities. But our values are the same as the day we started; our collaborative approach with the companies we support is vital and ensures our investors trust in our ability to generate attractive risk-adjusted returns. 2018 has had a promising start and the entire Kartesia team continues to search for the investment opportunities that can deliver attractive returns to our investors.”