NorthWall Capital, an alternative credit manager focused on Western Europe, announced first closes for the most recent vintages of its flagship Credit Opportunities and Legal Assets funds, alongside continued capital formation for its Asset-Backed Opportunities platform and the launch of its new Senior Lending strategy.
These milestones contribute to a significant increase in institutional capital allocated to NorthWall strategies in 2025, “with total firm assets under management (AUM) now reaching €2.9 billion, €1.6 billion of which has been raised this year.”
Against a backdrop of ongoing “macro uncertainty, institutional investors are increasingly looking to Europe as a standalone source of credit returns.”
Investor interest in NorthWall’s multi-strategy platform, “spanning Credit Opportunities, Senior Lending, Asset-Backed Opportunities, and Legal Assets, reflects both a structural shift in allocator behaviour, and the growing maturity of the firm’s platform as a scaled and reliable partner for private credit deployment.”
Fabian Chrobog, Founder and Chief Investment Officer said:
“Achieving this level of fundraising in today’s market is a strong endorsement of our strategy. It reflects the consistency of our approach, the strength of our relationships, and our ability to deliver solutions that resonate with both investors and counterparties.”
2025 Fundraise Highlights:
- Credit Opportunities: €731 million raised at first close for the most recent vintage of NorthWall’s flagship opportunistic strategy, surpassing the total size of the predecessor fund.
- Senior Lending: $503 million raised at first close for NorthWall’s newly launched Senior Lending strategy, representing up to $750 million of investable capital when including leverage capacity. The fund targets sponsor-backed and non-sponsored upper mid-market borrowers across Europe, where structural demand for flexible capital continues to grow.
- Asset-Backed Opportunities: €252 million raised to capitalize on a rapidly growing and increasingly institutionalised market for European asset-backed credit opportunities, particularly in sectors underserved by traditional lenders.
- Legal Assets: $169 million secured across NorthWall’s Legal Assets platform, extending the firm’s leadership in underwriting complex, uncorrelated loans to law firms, in a niche but expanding segment.
The breadth of investor commitments across strategies positions NorthWall to deliver tailored financing solutions “in a market defined by accelerating bank deleveraging, constrained capital formation, and shifting regulatory priorities.”
These dynamics continue to create opportunities “for agile, specialist lenders with deep structuring and asset management expertise.”
Chrobog added:
“Private credit in Europe is no longer just a nice-to-have diversifier. We are observing substantial interest from global institutional capital in European markets, which have become a core component of institutional portfolio allocations. We’re proud to help our LPs access this opportunity at scale, with the institutional approach, flexibility, and conviction that NorthWall is known for.”
NorthWall’s team is expected to “grow to 40 by year-end.”
The firm continues to focus on opportunities characterised by “situational complexity, offering customised capital solutions to counterparties underserved by traditional financing channels.”