Five Arrows announces final closing of Five Arrows Debt Partners IV at €2.4 billion

• FADP IV closes at €2.4 billion, more than 70% larger than predecessor fund and meaningfully above €2.0 billion target
• The Fund provides senior and junior debt financing to mid-market companies in Europe and North America

Five Arrows, the alternative assets arm of Rothschild & Co, is delighted to announce that it has completed the fundraising of the fourth vintage of its Direct Lending strategy, Five Arrows Debt Partners IV (“FADP IV” or the “Fund”). The Fund and its associated vehicles successfully secured total commitments of €2.4 billion – comfortably ahead of its €2.0 billion target and more than 70% larger than its €1.4 billion predecessor fund.

We believe this successful fundraising reflects investor confidence in the Five Arrows direct lending strategy, as well as in the risk-reward proposition and resilience of the asset class in the current macroeconomic and geopolitical environment.

FADP IV provides bespoke and flexible financing solutions to European and North American mid-market companies. Investments are made across the capital structure, ranging from senior-secured unitranche loans to junior instruments such as second lien, mezzanine and PIK facilities, as well as preferred equity structures. In addition to supporting private equity sponsors, the Fund also provides tailor-made direct lending solutions to family and entrepreneur-owned businesses.

Early deployment momentum has been strong and the Fund is already more than 50% committed into 19 transactions. In line with the wider Five Arrows platform, all of the Fund’s transactions to date are in our core resilient and growing sectors of data, software, IT services, healthcare, education and business services. These are the same sectors on which the team has focused since the inception of its direct lending strategy in 2012.

FADP IV is the direct successor to the successful Five Arrows Debt Partners III, Five Arrows Direct Lending and Five Arrows Credit Solutions funds, all managed by a highly experienced team of 26 professionals comprising 10 nationalities based in London, Paris, New York and Luxembourg.

The fundraising received strong support from a globally diversified group of investors including insurance companies, pension funds and other blue-chip financial institutions, alongside a range of prominent family offices and high net worth investors. Repeat investors represent 70% of total commitments. The Rothschild & Co Group and the Fund’s executives have also made a substantial commitment to the Fund.

Edouard Veber, Co-Managing Partner of the Fund, said:

“We are delighted with the success of the FADP IV fundraising and are grateful for the trust and support from both our existing as well as new investors. We are particularly pleased to have such a significant proportion of repeat investors from our previous direct lending funds, as well as from across the broader Five Arrows platform.”

Martin Hook, Co-Managing Partner of the Fund, added:

“We believe that the combination of our experienced team, proven track record and focused and selective investment strategy, supported by the global Rothschild & Co network, has made FADP IV an attractive proposition for a diverse group of sophisticated international investors.”

Fundraising for FADP IV brings total Five Arrows assets under management to more than €29 billion¹.

FADP IV is classified as an Article 8 fund under SFDR.

For more information on Five Arrows and its Direct Lending strategy, click here.

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For further information:

Five Arrows, Rothschild & Co

Emma Rees
Tel: +44 7703 715763
emma.rees@rothschildandco.com

About Five Arrows

Five Arrows is the alternative assets arm of Rothschild & Co and has more than €29 billion¹ AuM with offices in London, Paris, New York, Los Angeles, San Francisco and Luxembourg. This includes a series of investment strategies dedicated to corporate private equity; primary and secondary fund investing; co-investments; and senior and junior credit.

Disclaimer

This is not an offer to sell, or a solicitation of an offer to purchase, any fund managed or advised by Five Arrows. Five Arrows Managers LLP is authorised and regulated by the UK Financial Conduct Authority. Five Arrows Managers S.A.S. is authorised and regulated by the French Financial Markets Authority (Autorité des marchés financiers). Rothschild & Co Investment Managers SA is authorised and regulated by the Luxembourg Financial Markets Authority (Commission de Surveillance du Secteur Financier). Five Arrows Managers (USA) LLC is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Five Arrows, including our investment strategies, fees and objectives is available upon request.

¹As of June 2025, including undrawn commitments