CAPZA announces steady fundraising of more than €1 billion for the Artemid Senior Loan IV fund (ASL IV) and its co-investment vehicles. This amount includes appr. €700 million commitments for ASL IV, €190 million through co-investments, and €120 million for “an evergreen fund dedicated to an institutional investor.”
The latest generation raised a total amount “75% above its predecessor, underscoring investor interest in this strategy.”
The fundraising brought together “around twenty French and European investors, one-third of which constitute new clients.”
With the confidence of its investors (insurers, mutual insurance groups, French institutional investors and family offices) and the arrival of new subscribers (pension funds, foreign insurers, etc.), the reported success of this third vintage “demonstrates the relevance of the investment strategy and the robustness of the team’s track-record.”
The Artemid Senior Loans strategy specialises in “bullet senior debt financings with maturities of five to eight years for predominantly unlisted European companies with EBITDA between €8 million and €100 million and moderate leverage.”
These financings support acquisitions and “corporate growth initiatives.”
The Artemid Senior Loan range now “manages €1.6 billion in assets and forms an integral part of the private debt and alternative credit platform of Europe’s leading asset manager, created through the combination of AXA Investment Managers’ alternative investment activities and BNP Paribas Group.”
With more than 60% of capital now deployed, ASL IV and its co-investment vehicles have “financed over 25 companies, with individual investments ranging from €10 million to €50 million.”
Over 90% of these transactions incorporate “non-financial criteria, notably ESG aspects, to encourage borrowers to accelerate their progress on sustainability.”
This progress is reinforced by an “expansion of the team, now comprising experienced professionals, including a Director based in Munich, underscoring their ambition to expand the Artemid Senior Loans strategy across Europe.”
ASL IV has now reportedly “completed its first investments in Germany and Italy and continues to grow its footprint in the Netherlands and Spain, working with CAPZA’s other teams in Paris, Milan, Munich, Madrid, and Amsterdam.”
Building on this milestone / achievement, CAPZA intends to launch a new vintage in 2026, which, in line “with the previous generation, will offer bullet senior financings with 5 to 8-year maturities under similar criteria.”
The various Artemid fundraisings, totaling more than €2 billion, “have financed over 90 mid-cap companies.”