Hayfin today announces that it has exceeded its €2 billion target to invest via its Hayfin Special Opportunities Fund III. The successful fundraise comprises Fund III, which has reached a final close, and related separately managed accounts.

Hayfin employs a broad and flexible investment mandate through its Special Opportunities strategy, deploying capital into a range of unique opportunities across industries, markets, and sub-strategies in situations where financing may be scarce. The fundraise provides Hayfin with what the firm believes is the right amount of capital to invest in corporate and asset-backed opportunities arising from post-pandemic dislocation and related balance sheet restructurings.

Hayfin received capital commitments from a broad range of sophisticated institutional investors globally, including public and private pension funds, sovereign wealth funds, insurance companies, endowments, consultants, financial institutions, and family offices. The fundraise extends Hayfin’s established franchise in special opportunities investments, having invested €9 billion across the strategy, inception to date.

Tim Flynn, Chief Executive Officer and Co-Founder of Hayfin, commented: “We continue to see a range of compelling deployment opportunities for our Special Opportunities strategy, offering attractive risk-adjusted returns for our investors. Hayfin has always aspired to be students of the markets in which we invest. We are delighted to have successfully completed a fundraise that we believe is well-timed and right-sized to the market opportunity, while remaining sufficiently disciplined so as not to jeopardise our high underwriting standards.”

Since it was founded in 2009, Hayfin has invested approximately €28 billion of capital across more than 400 portfolio companies.