Mourant supports longstanding client on debt fund closing

Leading offshore law firm Mourant, has advised international investment firm and longstanding client, Triton, on the launch of its Debt Opportunities Fund II. The Fund has successfully completed its fundraising, and exceeded its initial half a billion Euros target, with commitments of €744 million.

Led by Partner Daniel Birtwistle, the Mourant team included Senior Associates Alex Henderson and Roisin Cullinane who worked together to coordinate the Jersey regulatory approvals and, working alongside lead counsel Kirkland & Ellis, coordinated the closing process.

Daniel Birtwistle said:

"TDO II received strong support from existing investors, with considerable commitments from multiple investors helping the Fund to significantly surpass its target size of €550 million. We're very proud to have helped the Fund achieve this."

TDO II operates an "all-weather" approach to investing, with a strong network working together to find attractive investments at healthy prices. It focuses on non-control positions across the capital structure in mid-market companies with average investment sizes between €10-40million.

Matt Crill, Head of Corporate Governance at Triton commented: "We were pleased to partner once again with the Mourant funds team, who were able to field a strong dedicated team to support us in this key fund-raising".