Fidelity launches first private lending fund with Investment in Dutch firm
Fidelity International, an asset manager overseeing approximately $750 billion, has introduced its inaugural private lending fund with a loan to Clinias Dental Group, a Dutch dental services company.
Fidelity International, an asset manager overseeing approximately $750 billion, has introduced its inaugural private lending fund with a loan to Clinias Dental Group, a Dutch dental services company.
This financing deal is part of a newly established Luxembourg-domiciled fund that will specialize in senior secured loans to mid-market companies, particularly in northern and western Europe. Fidelity emphasized that the fund will align with Sustainable Finance Disclosure Regulation Article 8.
Fidelity joins a growing list of asset managers entering the thriving $1.5 trillion private credit market, with many firms expanding their teams or acquiring specialized businesses in the sector. Such private credit funds typically charge higher fees compared to those investing in publicly traded equities and bonds.
The size of the fund and the specifics of the Clinias deal were not disclosed. Fidelity’s private lending team has grown to nearly 20 members, and the company has hired approximately 70 staff members since 2021 to bolster its broader private markets business.
