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.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.