– Viola Credit, a global multi-strategy credit asset manager focused on the innovation economy, announced the final close of its third Asset-Based Lending (ABL) fund.
– The Fund is oversubscribed at $2 billion, surpassing its $1.5 billion target, including separately managed accounts investing alongside the Fund.
– The first close of $600 million was announced in April 2024, marking the initial milestone toward the $1.5 billion target.
– In May 2025, Viola Credit entered a $500 million strategic joint venture with Cadma Capital Partners, an Apollo Global Management, Inc. affiliate, supporting the expansion of ABL activities in Western markets.
– The Fund’s oversubscription underscores strong institutional interest in private credit and the growing importance of asset-based lending in the innovation economy.
– Commitments came from a diversified group of global institutional investors, including pension funds, insurance companies, and family offices, with participation from both new and existing partners.
– Viola Credit has a track record of over $3 billion in ABL and plans to finance 30–40 new and existing FinTech and tech-enabled lenders across the U.S., U.K., Western Europe, and Australia.
– Target sectors include SME finance, payments, consumer credit, music royalties, and embedded lending.
– Viola Credit continues its expansion with the appointment of Conor Sheehy as Head of ABL Europe (from HSBC Innovation Bank) and Michael Chen as Head of U.S. ABL Investments.
– Managing Partners Ruthi (Simha ) Furman and Ido Vigdor highlighted that the Fund enables Viola Credit to continue partnering with tech-enabled and FinTech lenders, supporting originations and access to capital, with transaction sizes ranging from $10 million to $500 million.
– Following the Fund close, Viola Credit now manages $4 billion in global AUM, with offices in New York, London, and Tel Aviv, supporting a portfolio across 10 countries.
– The new capital will be deployed across sponsor-backed and emerging FinTech lenders to expand origination capacity, diversify funding sources, and support long-term growth.
