A milestone year
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. The speed with which the funds were raised and the fact that the hard cap was breached speak to the appropriate positioning adopted by Kartesia since inception: being a pan-European leader in credit solutions for SMEs. This success also rewards our strong-performing investments, which broke records of their own in 2017 as we invested c.€400 million across our three core business areas in Europe while maintaining unrivalled risk adjusted returns despite the currently challenging market conditions.
Buoyed by the trust of our investors and the unwavering dedication of our staff, we are continuing our European expansion. With a Madrid office opening in October, Kartesia’s investment platform now has bases in Luxemburg, the UK, France, Belgium, Germany and Spain. We are leveraging this local presence to build an even stronger network and work right alongside the small and mid-sized firms that we serve. On the people side, the Kartesia team expanded over 2017 to include many bright new faces. A team of 23 seasoned professionals is working hard to drive our success and make Kartesia a trustworthy, consensual counterpart with a deep commitment to each and every one of our partners.