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Czech Asset Management secures final close of global direct lending fund at $1.5B

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Czech Asset Management secures final close of global direct lending fund at $1.5B

czechCzech Asset Management has announced the final close for its second direct lending fund (SJC II) with total commitments of $1.5 billion, exceeding its $1 billion target and hitting its $1.5 billion hard-cap.

SJC II is the second direct lending fund that exceeds $1 billion raised by CAM within the past 34 months.

SJC II’s direct lending strategy focuses on providing privately negotiated, floating-rate senior secured loans to U.S. and European middle-market companies that generate annual revenue of roughly $75-500 million, and annual EBITDA of roughly $7.5-50 million.

To date, SJC II has invested approximately $300 million.

CAM’s global investor base is comprised of public and private pension funds, endowments, foundations, Taft-Hartley plans, family offices, and high-net worth individuals.

Old Greenwich, CT-based CAM is a direct lending firm engaged in the business of originating and investing in asset-based and cash-flow first- and second-lien secured floating rate loans for middle-market borrowers located throughout North America and Europe. CAM now has roughly $3 billion of committed capital under management, and $1.2 billion of co-investment capacity. – Sarah Husband