Jersey/London, 17 July 2014
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.