Colbeck Capital Closes Third Private Credit Fund at $700M

Colbeck Capital closed its third flagship fund at $700M, exceeding its target by 40% and more than doubling the $311M raised by its 2019 vintage predecessor.

The strategic lending-focused, middle-market private credit firm said its Colbeck Strategic Lending III generated support from existing and new investors, including public and private pensions, insurance companies, endowments, foundations, consultants, registered investment advisors and family offices.

In line with the firm's strategy, the fund will provide senior secured loans to middle-market companies undergoing transition. Following the latest fundraising, Colbeck's invested and committed capital increased to $3B.

According to its website, Colbeck Capital provides middle-market companies across a host of sectors with financing solutions including acquisition finance, bridge financing, liquidity facilities, event-driven and specialty finance, and growth capital.