Triton Debt Opportunities Fund closes at hard cap of €500 million
Jersey/London, 17 July 2014- Triton Debt Opportunities fund ("TDO") has successfully completed its fundraising with external commitments of EUR 500 million, surpassing the EUR 350 million target size and reaching the hard cap. Fundraising began in September 2013. The fund is the first dedicated debt investment vehicle that will be advised by Triton.
TDO will seek to invest in businesses that are facing challenges created by excess leverage or cyclical, operational or other headwinds. The fund will focus on non-control positions and will build on the debt investing experience gained in prior funds. Investments will typically be in the loans or bonds of companies in Northern Europe, many of which have been known to Triton over a number of years.
The fund gained support from existing investors and has also welcomed a number of new investors. Approximately 58% of commitments have come from North America, 34% from Europe and 8% from the rest of the world.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services, and Consumer/Health sectors. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 26 companies currently in Triton's portfolio have combined sales of approximately EUR 13 billion and over 55,000 employees.
For further information: www.triton-partners.com.