The Credit Crunch 03/09/23

Your weekly summary of Private Credit fundraising and news

💰Fundraising news

KSL Capital Partners, a Colorado-based investment manager, raised at least $250 million for its Tactical Opportunities Fund II. The fund invests globally in travel and leisure businesses using both debt and equity. KSL targets businesses in five primary sectors which include hospitality, recreation, clubs, real estate, and travel services. More here and here.

HDFC Capital Advisors, an India-based lender, is reportedly raising up to $2 billion for a real estate private credit fund. HDFC typically lends to low-and mid-income housing projects across the country’s metropolitan cities. More here

Charlesbank, a US-based investment manager, raised further funds for its Credit Opportunities Fund III. The fund lends to mid-market North American businesses. It typically invests between $50-250 million in companies with enterprise values between $150 million-$3 billion. Charlesbank has raised more than $15 billion across all its funds. More here and here

Lighter Capital, a Seattle-based revenue financing lender, raised $130 million in capital commitments for a credit facility. Lighter Capital lends up to $4 million to technology businesses with revenues of at least $200,000. The facility is backed by Apollo Global Management, i80 Group, Invest Victoria and iPartners, an Australian private credit fund. More here