In brief: Kartesia seeks €500m for impact debt debut

Kartesia is seeking to raise €500 million for its first impact debt fund, a source with knowledge of the fundraise told New Private Markets. The Europe-focused mid-market private debt firm has registered a private company, Kartesia Impact I SV, with the Duchy of Luxembourg. The fund will be designated under Article 9 of the EU’s Sustainable Finance Disclosure Regulation, the source said. Article 9 funds are promoted with objectives of “sustainable investment… or a reduction in carbon emissions”, the EU SFDR regulation states.

Kartesia declined to comment for this story.