Debt Financing Firm Kreos Launches $800 Million Debt Credit Fund

London-headquartered debt financing firm Kreos Capital is launching a 700 million euros (approximately $800 million) growth debt fund for European and Israeli companies, Kreos announced Wednesday.

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Kreos’ sixth fund has already made its first financing deals in January and intends to commit between 250 million euros and 300 million euros (approximately $286 million and $343 million) annually, over the next few years. The new fund will give out loans of up to 50 million euros (approximately $57 million) per deal.

Kreos has additional offices in Stockholm, Luxembourg, Jersey, and Herzliya, a town in the Tel Aviv area. In its 20 years of operations, Kreos has provided Israeli and European companies with 2.3 billion euros (approximately $2.6 billion) in 540 deals.

Among the companies to receive credit from Kreos are German online audio sharing company SoundCloud Ltd., Berlin-based food delivery company Delivery Hero SE, and Israel-based taxi hailing company Gett Inc.