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Deerpath Capital Closes Fifth Fund with $1.1 Billion in Commitments
May 13, 2021, 07:09 AM
Deerpath Capital Management announced the closing of its Fifth Fund, accepting commitments of $1.1 billion of equity capital from investors, exceeding its initial target. Fund 5 is part of Deerpath Capital s senior debt financing platform that has deployed more than $4 billion to date. Combined with debt financing raised for certain levered vehicles with the Fund, Deerpath raised over $2 billion in total capital available for deployment for the Fund.
Fund 5 s closing marks another fundraising record for Deerpath and is the firm s largest fundraise in Europe and Asia to date. Deerpath was pleased to welcome over 50 limited partners from around the globe into Fund 5, including Australia, Canada, Germany, Lebanon, Luxembourg, Switzerland, South Korea and the United Kingdom.
Deerpath Capital raises $1.1bn for fifth debt fund Thursday, May 13, 2021
Deerpath Capital Management closed lower-middle-market direct lending fund Deerpath Capital V at $1.1 billion.
The fund exceeded the firm s initial target and gathered capital from more than 50 limited partners worldwide, said a press release from the firm. Combined with debt financing, the fundraising gives Deerpath more than $2 billion to deploy, it said.
Fund 5 s closing marks another fundraising record for Deerpath and is the firm s largest fundraise in Europe and Asia to date, the release said.
There are over 50 limited partners from around the globe into Fund 5, including Australia, Canada, Germany, Lebanon, Luxembourg, Switzerland, South Korea, and the United Kingdom. Investors include the $3.6 billion Santa Barbara County (Calif.) Employees Retirement System.
/PRNewswire/ Today, Deerpath Capital Management, LP announced the closing of its Fifth Fund, accepting commitments of $1.1 billion of equity capital from.
Deerpath closes $1.1 billion direct lending fund
Bloomberg
Deerpath Capital Management closed lower middle-market direct lending fund Deerpath Capital V at $1.1 billion, a spokeswoman said in an email.
The original fundraising target was $1 billion. There was no hard cap, the spokeswoman said. The prior fund, Deerpath Capital IV, closed at $750 million in 2018.
Deerpath Capital V pursues first-lien, senior debt financing to U.S. companies with between $50 million and $100 million in enterprise value.
Investors include the $3.6 billion Santa Barbara County (Calif.) Employees’ Retirement System.
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