Robus Capital, a Frankfurt and London based fixed income manager, just had the final closing of its second distressed fund, the Robus Recovery Fund II. The fund targets restructuring situations in debt instruments of mid-market issuers from the German-speaking region of Europe, BeNeLux and the Nordics. The Fund is expected to mainly invest via secondary markets in SSDs of lower mid-market issuers but will also invest in other debt instruments such as syndicated loans or bonds.

“Generally, as we have shown in the past our distressed strategy is not predicated on a cyclical downturn, but with recent signs of the slowing economy in Europe we are very fortunate to have closed the Robus Recovery Fund II well above the initial fund raising target of EUR 200m”, says Dr. Dieter Kaiser, Managing Director.

Robus Recovery Fund II has received total commitments of EUR 282m from institutional investors across Europe with close to all investors from the predecessor fund renewing and increasing their commitment. Robus Recovery Fund I is vintage 2015, had EUR 125m in total commitments and generated a net IRR to investors well inside the targeted return range.

“Besides the lower end of the German SSD market, hence issue sizes of EUR 200m and below, we anticipate a number of investment opportunities in leveraged loans and the local mid-market bond segments in the target regions”, says Dr. Dieter Kaiser, Managing Director.

Robus Capital Management

Robus Capital is a Frankfurt and London based asset management firm. Robus manages for institutional investors multiple investment funds. Robus invests in all parts of the capital structure and applies a holistic approach when analyzing investments. The main focus lies on debt obligations, such as senior loans, bonds, and convertibles of mid-market issuers. The investments take place either via primary or secondary markets and are sometimes special situations, which are complex and require in-depth analysis. The geographical focus is on continental Europe.

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Successful track record in raising capital for both established and emerging asset managers