13
Jun’ 2024

CAPZA successfully closes its CAPZA 6 Private Debt fund

CAPZA successfully closes its CAPZA 6 Private Debt fund with 2.5 billion euros investment capacity.

CAPZA announces the successful final close of its CAPZA 6 Private Debt fund with an investment capacity of €2.5 bn in line with its ambition and exceeding the previous vintage by c. 50%.

 

This accomplishment reflects the success of CAPZA private debt strategy and the confidence of investors—insurers, funds of funds, public institutions, pension funds, and family offices—both in France and internationally, including in Germany, Switzerland, Italy, Japan, Spain, South Korea, and more.

 

This sixth vintage capitalizes on CAPZA’s 20-year proven approach to private debt. As a long-term partner to entrepreneurs and LBO funds, the fund finances mid-market corporates mainly in France, Germany, Benelux, Spain, and Italy through unitranche and subordinated debt by relying on the sourcing and execution capability of CAPZA’s five regional offices, their extensive network, and deep knowledge of local markets. The strategy aims to achieve strong risk-adjusted returns while serving significant cash yields.

 

CAPZA, a pioneer in private credit since 2004, pursues its successful strategy, focused on resilient and non-cyclical sectors such as healthcare, tech, and B2B services. The team aims to finance leading companies with sound financial structures, recurring revenue models or high revenue visibility, and “mission-critical” products or services.

 

This sixth vintage also integrates a reinforced 360° ESG approach to align all stakeholders toward sustainable transformation. In addition to a detailed ESG analysis of borrowers ahead of the transaction, sustainable performance targets (currently on 70% of the portfolio) are integrated into the deal’s financial terms.

 

CAPZA’s Private Debt team has historically demonstrated its ability to deploy capital without compromising the deal quality, thanks to its focus on high-quality credit and proprietary sourcing. Since 2004, it has completed transactions, arranging €6bn in the last 7 years. Relying on a team of 7 European-based partners benefitting from an average of 27 years of experience, CAPZA 6 Private Debt fund has already performed 24 transactions and is more than 60% invested. The latest transactions include Qconcepts (Benelux), Acceo (France) and Ortivity (Germany).

 

A 7th fund is being prepared in line with CAPZA’s historical Private Debt strategy.

We are extremely grateful to our historical investors for showing renewed confidence in us and to the new LPs who have invested in a challenging macroeconomic environment.
“ 
Guillaume de Jongh, Managing Partner, CAPZA

“We are extremely grateful to our historical investors for showing renewed confidence in us and to the new LPs who have invested in a challenging macroeconomic environment. This highlights the fact that private debt has now become a core component of institutional investors’ alternative bucket and confirms the quality of CAPZA’s proven private debt track record. Our goal is to continue diversifying our LP base internationally in the next vintage” says Guillaume de Jongh, Managing Partner at CAPZA.

 

“This strongly demonstrates the relevance of our investment thesis, aimed at avoiding default by investing in robust companies operating in resilient sectors without compromising on credit documentation” – adds Jean-Marc Fiamma, Co-Head of Private Debt at CAPZA.

Private Debt
Private Debt
Leading mid-market
direct lender
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130 transactions since 2004
Source: CAPZA as of 03/31/2024
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