Hayfin Capital Management LLP (“Hayfin”), a leading independent provider of credit financing in the European mid-market, is pleased to announce the final closing of the Hayfin Special Opportunities Credit Fund with total commitments at the hard cap of approximately €1.4 billion. The fund has attracted commitments and interest beyond the hard cap from leading institutional investors, including from corporate and government pension funds, sovereign wealth funds, insurance companies and family offices.
The Special Opportunities Credit Fund will invest opportunistically in undervalued credit assets, typically at the more senior levels of the capital structure and involving situations exhibiting a level of structural, operational or sourcing complexity.
The closing of this fund marks another milestone in the development of Hayfin’s platform and offering to both corporate borrowers and institutional investors. This follows an investment with Hayfin from HM Treasury as part of the Business Finance Partnership, which aims to increase lending to the UK middle market from non-bank sources.
Credit Suisse Private Fund Group acted as exclusive advisor to Hayfin for its special opportunities capital raise.