Key Takeaways
- • Hayfin closed Direct Lending Fund V with capital in excess of €15bn, comprising a commingled fund and related investment vehicles.
- • The raise more than doubles the amount raised for Direct Lending Fund IV, which closed in August 2023 with over €6bn in total commitments.
- • Macfarlanes advised Hayfin on the close, with Chris Daniel and Stephen Ross leading the fund formation and sponsor solutions team.
- • The fund's strategy targets senior-secured financings for mid-market and upper-mid-market companies across Europe, emphasizing capital preservation and strong underlying cash flows.
Summary
Hayfin has closed its Direct Lending Fund V with capital raised in excess of €15bn, according to Macfarlanes, which advised the private credit manager on the transaction. The vehicle comprises a commingled fund and related investment vehicles. The fundraise more than doubles the amount raised for Direct Lending Fund IV, which closed in August 2023 with over €6bn in total commitments.
Hayfin's direct lending strategy focuses on originating and structuring senior-secured financings for mid-market and upper-mid-market companies across Europe. The firm places particular emphasis on capital preservation and strong underlying cash flows. Macfarlanes described the close as significantly above the fundraising target.
The Macfarlanes team was led by Fund Formation and Sponsor Solutions Partners Chris Daniel and Stephen Ross, supported by Senior Counsel Sweta Tandle and Associates Laura-Anne Douglas and Jake Bedford. Tax advice was provided by Partner Joe Robinson, with assistance from Senior Associate Eugene Atkinson and Associates Rosie Gilliland and Alec Siegert. Finance Partner Richard Fletcher advised on the fund's leverage facility.
Daniel said the close is one of the largest European private credit fundraises to date and reflects the strength of Hayfin's origination platform, its disciplined approach to lending and the confidence of its global investor base. Macfarlanes has acted for Hayfin since its establishment in 2009 and on many fundraises and strategic transactions since.
Hayfin's direct lending strategy focuses on originating and structuring senior-secured financings for mid-market and upper-mid-market companies across Europe. The firm places particular emphasis on capital preservation and strong underlying cash flows. Macfarlanes described the close as significantly above the fundraising target.
The Macfarlanes team was led by Fund Formation and Sponsor Solutions Partners Chris Daniel and Stephen Ross, supported by Senior Counsel Sweta Tandle and Associates Laura-Anne Douglas and Jake Bedford. Tax advice was provided by Partner Joe Robinson, with assistance from Senior Associate Eugene Atkinson and Associates Rosie Gilliland and Alec Siegert. Finance Partner Richard Fletcher advised on the fund's leverage facility.
Daniel said the close is one of the largest European private credit fundraises to date and reflects the strength of Hayfin's origination platform, its disciplined approach to lending and the confidence of its global investor base. Macfarlanes has acted for Hayfin since its establishment in 2009 and on many fundraises and strategic transactions since.
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