MV Credit is pleased to announce the successful final close of MV Credit Sub IV on €803m
November, 2018
MV Credit is pleased to announce the successful final close of MV Credit Sub IV (“the Fund”) on €803m of LP commitments. MV Credit IV has already deployed 65% of these funds across a total of 16 performing credits that reflect MV Credit’s investment philosophy. The Fund is pursuing the same proven strategy as previous MV Credit funds with a focus on areas where the firm has a deep understanding. It will invest in subordinated debt across Europe, with a bias towards the Nordics and German-speaking jurisdictions, and target defensive industries, which are more able to withstand economic cycles, for example the subscription based software services and healthcare sectors. The companies that MV Credit looks at are ESG compliant and owned by private equity sponsors that are in the mid to upper mid-cap market. The Fund has received good support from existing as well as new investors from across the globe, including pension funds, sovereign wealth funds, insurance companies, family offices and banks, among others. “We are humbled by the continued support we have received from our investors. We have raised an appropriately sized fund for the opportunity we currently see in the mid-market, and we look forward to using our close to 20 years of experience to seek out further high-quality investment opportunities,” said Frédéric Nadal, CEO and Co-Head of Origination at MV Credit.