Keel Harbour Supports Zetland’s Inaugural Fundraise At €372m

LONDON/ 16 DECEMBER 2019. BUSINESS WIRE. Keel Harbour Capital, a leading provider of capital raising services to best-in-class alternative asset managers and independent sponsors, is pleased to announce that it has successfully supported Zetland Capital in delivering commitments in excess of the €300m target for its inaugural investment fund. The Zetland Special Situations Fund I LP is now closed to new investors with €372m of committed capital.

Fund I investors represent a global pool of private capital sources, including endowments, foundations, pension funds, insurance companies and family offices across the Americas and Europe.

From its offices in London and New York, Keel Harbour is currently working on a number of high-profile mandates, for mature and early stage fund managers, including spin-outs from Fortress, Cerberus and Apollo.

Founded in 2016 and based in London, Zetland Capital focuses on distressed and special situations across Europe. Zetland differentiates its approach through an emphasis on seeking out market dislocations across the economic cycle. Zetland is owned by its management and 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.

Tim Goodale, Managing Partner of Keel Harbour Capital, said:

“Keel Harbour has again affirmed its position as a leading placement agent, including early stage funds. The successful launch of Zetland Special Situations Fund I highlights the trend of LPs seeking opportunities to capitalise on distressed and special situations in Europe.

For a Fund One, this is one of the most significant raises this year, given the amounts involved and quality of the investor base.”

Ahmed Hamdani, Founder and CIO, 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.”