Kartesia puts €88m to work from €366m asset finance fund
What's the deal? Kartesia Asset Finance (KAF)Dealroom has a profile for this one. Try Dealroom → has completed three investments totalling €88 million from its KAF III fund, spanning aviation, maritime, and logistics across Europe and the US. The deals follow the close of KAF III at €366 million, which included €50 million from the European Investment Fund.
What's inside the portfolio? The transactions comprise a €17 million refinancing of three search-and-rescue helicopters in Spain, €36 million for a logistics portfolio in Spain including semi-trailers and refrigerated containers, and a €35 million refinancing of specialised marine vessels serving the US offshore wind sector.
What's the endgame? KAF III is expected to back a further 15 to 20 transactions secured against assets essential to borrowers' operations. The fund targets €500 million in total.
Why now? "Completing three transactions representing €88m in only a few months demonstrates both the depth of our pipeline and our ability to convert opportunities into investments efficiently," said Fabrice Fraikin, managing partner at KAF. The firm aims to deploy between €300 million and €400 million annually across its asset finance strategies.
Who's behind it? KAF, managed by Flexam InvestDealroom has a profile for this one. Try Dealroom →, specialises in financing mobile assets such as rescue helicopters, crew transfer vessels, and warehouse automation. It focuses on European mid-cap companies and small and medium-sized enterprises.
The signal: KartesiaDealroom has a profile for this one. Try Dealroom → is scaling an asset-backed credit platform at a time of rising demand for private financing of hard, operational assets. "Kartesia Asset Finance is entering a new phase of growth," said Florian de Sigy, chairman and managing partner, pointing to recent senior hires and completed deployment of the firm's FTAIF II fund.
Read more: alternativecreditinvestor.com
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