It’s a sign of things to come for the firm, which is understood to be staring down a $500 million pipeline of potential mid-market debt deals.
Arbitrium is still in fundraising mode since opening its doors last year. The firm has about $40 million under management and is looking to raise $300 million for its closed-end fund.
Its pitch to investors has been about capitalising on what it considers to be an under-serviced part of the Australian debt universe: mid-market companies with revenue between $50 million and $750 million.
The firm’s strategy involves providing secured debt with equity warrants, which gives Arbitrium the option to take an equity stake in the businesses its helping its clients buy. It targets a three to five year time horizon to realise its investments.
Local debt investor Arbitrium Capital seals first deal - The Australian Financial Review
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