Sienna IM Announces €270m First Close of Defence-Focused Private Credit Strategy

Sienna IM announces €270m first close of defence-focused private credit strategy

Sienna Investment Managers (Sienna IM) has secured more than €270m (£234.3m) in commitments at first close of its private credit strategy focused on European defence-related SMEs and mid-caps. The recently-launched strategy comprises an institutional fund, Sienna Hephaistos, and a closed-end fund designed for retail investors to be distributed in partnership with insurance companies and savings […] The post Sienna IM announces €270m first close …

EIF commits EUR 30 million to Sienna Hephaistos Private Investments, the first European private credit fund dedicated to the defence industry, under the InvestEU Defence Equity Facility - European Business & Finance Magazine

In the wake of the war in Ukraine and persistent geopolitical tensions, Europe faces an urgent need to strengthen its security and defence capabilities. These challenges have exposed structural weaknesses, particularly within the defence supply chain, where many specialised SMEs and small midcaps, often family-owned, play a critical role by supplying customised components and technologies. Although these companies play a critical role, they ofte…

Commission and European Investment Fund invest €30 million in Sienna Hephaistos Private Investments to improve access to finance for SMEs and midcaps in the defence sector

(Credit: Unsplash) This article is brought to you in association with the European Commission. Today, the European Commission and the European Investment Fund (EIF) granted Sienna Hephaistos Private Investments S.C.A. SICAV-RAIF €30 million under the InvestEU Defence Equity Facility (DEF). Managed by Sienna Investment Managers France, this new fund becomes the first private credit fund in Europe to finance exclusively small and medium-sized ente…