London, 16 June 2026 – Campbell Lutyens, the world’s leading independent private capital advisor, announces its role as advisor to Veld Capital Advisory LLP (“Veld Capital”) in the successful closing of an asset-backed €355m private credit continuation vehicle following a competitive secondary auction process, with Blue Owl Alternative Credit acting as lead investor.

The vehicle, which provides an attractive liquidity option to existing investors, acquires a diversified portfolio of high-quality, cash-flowing European asset-backed finance assets. The partnership with Blue Owl will also   support Veld’s continued expansion in asset-based credit across Europe, with a strong pipeline already in place and additional capital committed beyond the existing asset base.

Immanuel Rubin, Global Co-Head of Secondaries, said: “We congratulate Veld Capital on the successful close of their continuation vehicle, an important moment in the evolution of their platform and a validation of the attractiveness of their rigorous, data-driven approach. This transaction, with the support of Blue Owl, provides optionality to investors and enables continuity for these cash-flowing assets. We wish Veld Capital every future success.”

The transaction underscores growing investor appetite for credit secondaries, as well as the relevance of such market for adjacent credit strategies to senior-secured corporate credit, such as asset-backed lending. According to Campbell Lutyens’ latest Secondary Market Overview Report, private credit continuation vehicle volume reached $12 billion in FY25, driven by increasing adoption. GP-led transactions accounted for 61% of volume.

Campbell Lutyens is a leading advisor in the secondaries market, executing over 413 successful secondary portfolio sales and advisory mandates across asset classes. The team has advised over $182bn of transactions for both GP and LP clients.