CORDET announces the final close of CDLF II with over EUR 500 million secured in capital commitments
CORDET Capital Partners LLP (“CORDET”) is delighted to announce the final closing of CORDET Direct Lending Fund II SCSp. Total commitments exceeded EUR 500 million, including a separately managed commitment and team co-investment capital (“CDLF II”).
The closing amount of commitments raised represent the strong relationship with existing investors as well as strong interest from a number of new blue-chip investors. The separately managed account was secured with a longstanding limited partner. CORDET is supported by a diverse group of prominent institutional investors, including pension funds and insurance companies.
CDLF II enables CORDET to continue to pursue its focused and successful investment strategy and deploy further capital into its target markets in Northern Europe. CDLF II has already provided capital across +15 investments and continues to identify a strong pipeline of investments. To date, CORDET has arranged financing of over EUR 1 billion across its funds, SMAs and co-investment vehicles.
Jakob Lindquist, Co-Managing Partner at CORDET, said: “We are delighted to close CDLF II with significant additional commitments and to be partnering with a number of existing and new investors. We are appreciative of the strong support that investors have shown for our business, and look forward to consistently creating superior risk-adjusted investment returns at the same time as furthering our core mission of providing tailored and flexible support to smaller mid-market companies.”
Magnus Lindquist, Co-Managing Partner at CORDET, said: “Thank you to all our investors and partners that have supported us in our journey so far. CORDET goes from strength to strength and this latest closing is a testament to the hard work and dedication of every member of the CORDET team. CDLF II allows us to continue to be an all-weather investor within our circle of competence.”
CORDET is an experienced alternative credit investor committed to enabling transformational growth in Northern-European mid-market businesses and to delivering attractive risk-adjusted returns for our investors. CORDET is an “all-weather” investor that participates exclusively within our circle of competence with a particular focus on ESG matters and mega trends.