Fidelity Launches First Direct Lending Fund with Dutch Deal

Fidelity International has launched its first private lending fund with a loan to a Dutch dental services company.

The asset manager, which oversees about $750 billion, announced a senior financing package for Clinias Dental Group, which is owned by investment firm Bencis along with Clinias’ management.

The deal forms part of a new Luxembourg-domiciled fund, which will focus on senior secured loans to mid-market companies, mainly in northern and western Europe, and will align to Sustainable Finance Disclosure Regulation Article 8, Fidelity said in a statement Monday.

Fidelity is the latest asset manager to launch a fund focused on the ...