Sona is pleased to announce the final close of Capital Solutions II at $800 million

Sona Asset Management (“Sona”), a leading European credit manager, is pleased to announce the final close of Capital Solutions II (the “Fund” or “CapSol II”). Sona has raised $800 million to deploy across the European credit markets, representing a significant increase over Sona’s prior Capital Solutions strategy and its original target of $500 million.

The growth of Sona’s Capital Solutions strategy has been underpinned by demand from a diverse range of existing and new institutional investors, including sovereign wealth funds, insurance companies, endowments, pension funds and asset managers.

CapSol II is the first commingled Fund in Sona’s Capital Solutions strategy, and follows the raise of Sona’s inaugural $300 million fund, which was an SMA launched in 2020. The strategy provides targeted, bespoke financing solutions to companies in situations where funding is scarce. Sona believes its credit expertise, market network and sourcing abilities enable the team to access compelling investment opportunities in the European market.

CapSol II deployment to date has largely focused on investments at the top of the capital structure in performing companies, across both public and private markets.

To further the capabilities of Sona as a trusted long-term partner, Sona has made an additional three senior hires to the Capital Solutions team in anticipation of deploying CapSol II.

John Aylward, Founder and Chief Investment Officer at Sona Asset Management, said:

“We are delighted to see such a strong result for the close of CapSol II. We are grateful for the continuous support from our existing investors and are pleased to welcome new investors on board. Given the ever-changing landscape of credit markets, opportunities emerge where the traditional set-up falls short. Sona is able to deliver tailor-made solutions to companies while operating with agility and flexibility.”

Owain Griffiths, Partner and Portfolio Manager at Sona added:

“We believe that the approach we take within our Capital Solutions strategy provides demonstrable and differentiated benefits. The flexibility to invest across what we see as the best opportunities in both public and private markets facilitates healthy deployment. When combined with significant recycling, this can provide a boost to the MOIC, which we believe is being borne out in the results of both of our CapSol funds to date.”

About Sona Asset Management

Sona is an institutional alternative asset manager founded in 2016 by CIO John Aylward. It is a leading European leveraged finance firm and looks to extract alpha from the European credit markets, primarily through three synergistic credit strategies: The “All-Weather” long/short credit hedge fund (SCMF); the private credit strategy, Capital Solutions; and a CLO platform, Sona Fios. Sona manages c.$8bn AUM on behalf of institutional investors, with a team of 72 people between London and New York.

Announcement of De-notification of Arrangements Made for Marketing of Units or Shares

(This announcement is important and requires your immediate attention. If in doubt, please seek professional advice)

Sona Capital Solutions (comprised of Sona Capital Solutions II SCSp, Sona Capital Solutions II (Feeder) SCSp, Sona Capital Solutions II Founder Partner SCSp, and Sona Capital Solutions II (Feeder) LP) had their final closings and are not available for subscriptions anymore. It is intended to terminate the arrangements made for marketing the interests of these funds in the various jurisdictions.

As of the date of de-notification, any new or further, direct or indirect, offering or placement of shares, units, or interests of the above mentioned AIF will cease.

Any contractual arrangements with financial intermediaries or delegates will be modified or terminated with effect from the date of de-notification in order to prevent any new or further, direct or indirect, offering or placement of the interests of the fund.