Zetland Capital close second fund at €620m

Zetland Capital close second fund at €620m

Zetland Capital LLP, a leading European mid-market special situations investor, is pleased to announce the successful closing of Zetland Special Situations Fund II and associated vehicles, raising over €620 million. This represents c.66% growth from Zetland’s prior fund and brings total assets under management to over €1 billion. 

ZSSFII received significant demand and closed above target with support from a diverse and global base of existing and new investors. This includes pension funds, endowments, insurance companies, consultants and family office investors, across North America (~60%), Europe and Middle East (~40%). 

Like its predecessor, ZSSFII is focused on asset backed and corporate special situation and distressed opportunities across Europe. The fund has already made or announced investments in the aviation, logistics, hotels, leisure and real estate sectors. To date, ZSSFII has successfully invested in c.30 opportunities reflecting the strength of the firm’s sourcing capabilities and the growing market dislocation. 

We are delighted to have supported the Zetland team on this fundraise.