Triton Raises Over €1B for Third Debt Opportunities Fund

London-based Triton Partners announced the closing of its oversubscribed Triton Debt Opportunities Fund III at €1B, a 40% increase over its predecessor fund, which made a €740M close in October 2020.

Like its predecessor, TDO III targets mid-market European companies, particularly those in business services, industrial technology, and healthcare. Triton said it primarily invests in distressed debt of fundamentally sound companies experiencing temporary difficulties, also providing primary and asset-backed loans on a selective basis.

The fund raised capital from a global investor base, including pension funds, sovereign wealth funds, foundations, family offices, and insurance companies. TDO III has so far made 20 investments totaling €500M, with a realized value of over €150M.

Source:

https://www.triton-partners.com/media/news/triton-debt-opportunities-fund-iii-surpasses-target-raising-over-1-billion/