16 December, 2019
Zetland Capital Inaugural Fund Closes Special Situations Fund I oversubscribed, with a diverse global investor base
Zetland Capital, the London based private investment firm specialising in distressed and special situations across Europe, is pleased to announce the final close of Zetland Special Situations Fund I L.P. (“Fund I”). Fund I was well received and oversubscribed with €372m of committed capital versus an original target of €300m.
Zetland has over €500m in assets under management, of which, over €250m has already been invested. Zetland has built an experienced team of 14 professionals and is well positioned to capitalize on midmarket opportunities going forward.
Fund I investors represent a global pool of private capital sources, including endowments, foundations, pensions, insurance companies and family offices primarily across the Americas and Europe.
Ahmed Hamdani, Founder and CIO of Zetland Capital, said:
“We are honoured that such a broad-range of well-established investors have supported our vision and strategy through their allocation to our first fund. Continued bank deleveraging and an evolving economic slowdown creates a robust opportunity set.”
Zetland focuses on distressed and special situations across Europe. Zetland differentiates its approach through an emphasis on seeking out market dislocations across the economic cycle. Key to this approach is the discovery of deep-value, often asset-backed, opportunities, which Zetland then works to structure in a manner that brings about downside protection, early de-risking and the delivery of attractive returns for investors.
Founded in 2016 and based in London, Zetland is owned by its management. Zetland has built an experienced team of 14 professionals dedicated to developing a firm culture that is collaborative, inclusive and leverages the diverse experiences of its members. The team is well-positioned to capitalize on the market opportunities going forward.