Record-breaking fundraising of nearly €600 million for Artemid
Combined with a parallel fund of €100m, a total of almost €600m has been allocated to the Artemid1 strategy, more than 20% compared to the previous vintage.
With the renewed confidence of its historical investors (insurers, mutual insurance groups, French institutional investors and family offices) and the arrival of new subscribers (pension funds, foreign insurers, etc.), the success of this third vintage demonstrates the relevance of the investment strategy and the robustness of the team’s track-record2.
This new vehicle will deploy the same strategy as the previous funds: providing 5 to 7 year senior “bullet” loans ranging from €5m to €50m (and up to €100m in partnership with investors in the Artemid Senior Loan funds)), to “smidcap” borrowers with an EBITDA between €8m and €100m and moderately leveraged.
With over 65% of the fund already deployed, ASL III is currently financing around 15 companies, for amounts ranging from €5m to €40m. Nearly two thirds of the loans granted take into account extra-financial (ESG) criteria in order to encourage the borrowers to accelerate their progress toward sustainability.
A STRENGHTENED TEAM
The Artemid SAS team is getting reinforced with the aim of pursuing its development in Europe with the support of CAPZA’s offices. Two priority areas of focus are Spain and Benelux, where CAPZA has announced the opening of an office with two private debt experts3. ASL III has just made its first investment in Spain, supported by the CAPZA team based in Madrid.
The Artemid SAS team in Paris is being strengthened with the arrival of a senior associate early June (Marcia Aleixo, previously at KPMG transaction services) and the imminent arrival of a principal (David Cristéa, from BPI) and an analyst. The team will now be composed of 6 people around Annie-Laure Servel, who has been leading the team for 7 years.
Artemid’s range of funds have raised more than €1.5 billion, helping to finance more than 70 small and medium-sized companies and deploying more than €1 billion to support their development.
“We would like to thank our investors for their confidence and we are pleased to welcome more than ten new investors for this third vintage. The success of the Artemid Senior Loan III fundraising confirms the relevance of our positioning on moderately leveraged senior loans for small and medium-sized companies, as well as the quality of the support provided by the platform. The flexibility of our intervention methods has already attracted many entrepreneurs whose companies we have supported over the long term, such as Redspher, Acces Industrie, Benvic, Sicame, Paragon and Bruneau ” – Annie-Laure Servel, Managing Partner, Artemid SAS.
1With the exception of the first fund ASL I managed by a third party management company, the funds of the Artemid range are managed by CAPZA and advised by its subsidiary Artemid SAS. Artemid SAS has the status of Financial Investment Advisor (CIF) and is registered with the Orias under the number 14003497 since 28/05/2014.
2Past performance is no guarantee of future performance.
3Subject to approval by regulatory authorities.
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