– DECALIA SA closed its second private credit fund, DECALIA Private Credit Strategies II (DPCS II), at €311 million.
– The fund exceeded the size of its predecessor by more than 2.5 times and surpassed its initial target of EUR 250 million.
– DPCS II invests in European specialised credit, targeting double-digit net returns.
– The strategy focuses on less competitive segments of the private debt market through co-investments, secondary investments, and partnership investments.
– By its final close, the fund had completed 24 deals and was already over 80% deployed.
– The fund benefited from favourable market conditions for origination during its deployment period.
– Reji Vettasseri, Lead Portfolio Manager, highlighted the growing sophistication and scale of European private credit markets. He noted increasing borrower demand for value-added financing and LP interest in alpha-generating strategies that balance returns and risk.
– Nicolò Miscioscia, Partner and Co-Portfolio Manager, emphasized the success of the DPCS franchise as a demonstration of DECALIA’s differentiated approach. He expressed gratitude to investors for their continued support and confidence in the strategy.
