KKR-Backed Catalio Exceeds Goal for Private Credit Fund

Catalio Capital Management, backed by KKR & Co., raised more than $325 million in commitments for a private credit fund focused on life sciences, almost fourfold how much it pulled in for its previous iteration of the vehicle.

The raise for the fund, Catalio Structured Opportunities Fund II, and its co-investment vehicles was oversubscribed, exceeding its initial target of $250 million, according to Catalio’s founding partner and head of credit, John Henry Iucker. The fund is focused on opportunities in the life sciences and health care space, targeting deals of $10 million to $50 million.