Arcmont Asset Management and Ares Management Corp. head a €1.1 billion loan to French software specialist Cegid, a company backed by Silver Lake Management. The deal signals renewed investor faith in enterprise‑software lenders after a recent AI‑driven selloff rattled the sector. The funding will support Cegid’s expansion in Europe and North America and growth initiatives.

Vista Credit Partners and PGIM Inc. also participate, bringing additional liquidity and risk diversification to the transaction. The €1.1 billion figure translates to roughly $1.3 billion, underscoring the size of capital flowing into software firms that serve multinational clients. Investors view the loan as a hedge against volatility in cloud‑based services for their long‑term profitability.

Cegid’s CEO noted the capital will accelerate product development and bolster its cloud migration strategy. The loan also aligns with Silver Lake’s broader portfolio, which has targeted high‑growth software assets amid a shift toward subscription models. Market watchers see this as a sign that private credit remains a preferred channel for tech growth and bolster investor confidence.

With the loan in place, Cegid can pursue acquisitions and invest in AI capabilities to stay competitive. The transaction demonstrates that even amid market turbulence, sizeable funding packages for software firms persist. This move may prompt other lenders to re‑evaluate their exposure to the sector and signal a shift toward more robust credit terms.