Report: Colesco Raises €800M at First Close of Climate Debt Fund

Dutch private credit specialist Colesco Capital Collective secured over €800M (~$834.5M) in capital commitments at the initial closing of its first fund, Bloomberg reported January 28.

The fund is aiming to raise €1B to €1.5B (~$1.04B to $1.56B), Colesco co-founder and CIO Danny Vroegop told Bloomberg. The sustainable investing-focused private lender's first strategy generated support from institutional investors primarily from the Netherlands, the Nordics, the UK and the DACH region comprising Germany, Austria and Switzerland. The fund lists Rabobank and Dutch pension manager APG Asset Management as cornerstone investors.

Through investments across the capital structure spectrum, the private credit specialist targets mid-market companies in Europe with EBITDA in the €10M to €100M range (~$10.4M to $104.3M), earmarking €50M to €250M (~$52.2M to $260.8M) per transaction.