NorthWall Capital has reported a “significant increase” in institutional inflows this year, which it attributed to growing interest in Europe’s credit market amid global macro uncertainty.
The alternative credit fund manager, which is focused on Western Europe, has raised €1.6bn (£1.4bn) this year, bringing total assets under management to €2.9bn.
NorthWall today announced successful first closes for the most recent vintages of its flagship credit opportunities and legal assets funds, raising €731m and $169m (£125.8m) respectively.
Read more: NorthWall hires EMEA head of business development
It also announced that it has raised $503m at first close for its newly launched senior lending strategy, and raised €252m for its asset-backed opportunities strategy.
Global investors – particularly those from the US – have been flocking to Europe amid global tariff wars and macroeconomic uncertainty, in search of higher yields.
Read more: NorthWall Capital scales up credit business
For example, European returns from direct lending continue to exceed those seen in the US, and remain in double digits. A recent report from alternative asset manager Pemberton predicted that credit investors will continue to earn higher spreads in Europe versus the US given the more developed and commoditised nature of the US market.
“Achieving this level of fundraising in today’s market is a strong endorsement of our strategy, “said Fabian Chrobog, founder and chief investment officer. “It reflects the consistency of our approach, the strength of our relationships, and our ability to deliver solutions that resonate with both investors and counterparties.”
“It reflects the consistency of our approach, the strength of our relationships, and our ability to deliver solutions that resonate with both investors and counterparties.”
