Hayfin Capital Management exceeded its fundraising target of €6 billion ($6.6 billion) for its latest fund, Hayfin Direct Lending Fund IV, a spokesman confirmed.
Hayfin expects total available capital to be at or near the strategy's hard cap of €7 billion by the end of the year, the firm said in a news release Friday.
The direct lending fund originates, structures and invests in performing senior secured loans to European middle-market and upper-middle-market companies.
Investors in the fund included the $3.7 billion San Antonio Fire & Police Pension Fund.
Predecessor fund Hayfin Direct Lending Fund III raised more than €5 billion, closing in 2020.
