Alchemy is pleased to announce the final close of Alchemy Special Opportunities Fund IV L.P. at its £900m hard cap.
Following an efficient fundraising process which launched in September 2017, Alchemy received strong support from its existing global investor base and a select group of new investors, primarily from the US and Europe.
Alchemy Special Opportunities Fund IV L.P. will continue to deploy the successful European distressed and special situations strategy of its prior funds.
Alchemy is currently investing from its £600m Alchemy Special Opportunities Fund III, which was raised in March 2014. Since raising Fund III, Alchemy has continued to invest in the team, which has now grown to 16 investment professionals.
The firm believes there will continue to be excellent investment opportunities in credit and equity distressed and special situations in Europe and its strategy is well placed to capitalise on them.
Alchemy was assisted by Rede Partners as placement agent and Macfarlanes as legal counsel for the fundraising.