Viola Credit, a global alternative credit asset manager with $4 billion in assets under management to date, launched a new growth lending fund dedicated exclusively to the European technology market. The fund, targeted at €300 million, has completed its first close with commitments from a mix of new and existing limited partners led by the British Business Bank and European Investment Fund (EIF).
The European growth lending strategy is designed to provide tailored non-dilutive financing solutions to support the next generation of European tech innovators. It builds on Viola Credit’s established growth lending platform.
The new fund aims to deploy capital across up to 50 sponsor-backed companies in Western Europe and the UK, with a focus on sectors including Enterprise SaaS, vertical AI, FinTech, CleanTech and HealthTech.
“We’re seeing incredible momentum across the European tech landscape,” Neha Mittal, managing director and head of Europe at Viola Credit, said. “This fund allows us to deepen our commitment to supporting visionary founders with flexible, non-dilutive capital that helps them scale without compromise. We’re thrilled to welcome the British Business Bank and EIF as new investors — their support reflects our shared conviction in the opportunity ahead and the power of partnership to drive sustainable growth across Western Europe.”
Adam Kelly, managing director and co-head of funds at the British Business Bank said, “We’re pleased to support Viola Credit as they continue expanding their presence and impact across the UK and Europe, backing scale-up technology companies with additional growth capital. Our capital commitment will support businesses operating across AI, FinTech, CleanTech and HealthTech sectors with minimally dilutive funding, helping them to achieve rapid growth without reducing control of their business.”
Marjut Falkstedt, chief executive of the European Investment Fund, said, “By backing Viola Credit’s €300 million growth lending fund, the European investment fund is helping up to 50 innovative companies in cloud computing, AI, FinTech, CleanTech and HealthTech, key sectors where Europe must lead globally. Our support delivers flexible, non-dilutive financing vital for entrepreneurs to scale new ideas while bridging gaps left by traditional finance and strengthening Europe’s innovation ecosystem.”
