Robin Blumenthal
The firm has appointed two experienced professionals in the space, and hints it may raise a dedicated fund soon.
Credit Opportunities Fund II has held its final close, surpassing its $500m target.
The fund manager is seeking to hold large loans and then wait for the syndication market to recover before selling them.
The fund manager is seeking to hold large loans and then wait for the syndication market to recover before selling them.
Eric Mogelof says appetite is growing for private credit.
Retail icons are being toppled, spelling major trouble for US shopping malls as a cascade of defaults looms.
An unusual occurrence in the $800bn market for collateralised loan obligations is stirring concerns about the health of the broader credit markets.
The pandemic has precipitated an explosion in private credit funds, particularly of the distressed debt variety. Now accredited individual investors have another way to join the party.
The vehicle, which will invest in both public and private deals, is 75% larger than its initial target.
Mitch Drucker, formerly of Garrison, has joined as a partner with 'strong relationships in the restructuring community'.