Viola Credit, a global multi-strategy credit asset manager focused on the innovation economy, completed the final close of its latest fundraise for its third asset-based lending strategy. The fund is oversubscribed at $2 billion of committed and investable capital, including separately managed accounts investing alongside the fund, surpassing its $1.5 billion target.
This final close follows Viola Credit’s $600 million first close announced in April 2024, which marked the initial milestone toward the $1.5 billion target. In May 2025, the firm also announced a $500 million strategic joint venture with Cadma Capital Partners, an affiliate of Apollo Global Management, which supports the continued expansion of Viola Credit’s asset-based lending activities across Western markets.
Commitments include a diversified group of global institutional investors, including pension funds, insurance companies and family offices, with participation from both new and existing partners. The fund builds on Viola Credit’s over $3 billion track record in ABL and is expected to provide financing solutions to up to 30 – 40 new and existing FinTech and tech-enabled lenders across the U.S., U.K., Western Europe and Australia, spanning sectors such as SME finance, payments, consumer credit, music royalties and embedded lending.
“The final close of our third ABL fund marks another important milestone in the expansion of our global lending platform,” Ruthi Furman and Ido Vigdor, managing partners at Viola Credit, said. “This milestone reflects the continued interest from institutional investors in the private credit market and the growing role of asset-based lending within it. In a dynamic fundraising environment, the new capital enables us to continue serving as a strategic partner to tech-enabled and FinTech lenders, supporting them as they expand their originations and strengthen their access to efficient capital. The fund continues our established approach of partnering with both new and existing lenders across Western markets on transactions ranging from $10 million to $500 million.”
