Angelo Gordon raises $1.08bn

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Angelo Gordon has raised $1.08 billion for its AG Direct Lending Fund II. The New York-headquartered firm began fundraising in 2016 with an undisclosed target.

Its previous fund raised $600 million in 2016.

Investors that committed to AG Direct Lending Fund II include the Teachers' Retirement System of the State of Illinois.

The fund will target senior debt opportunities in a diverse number of sectors in North America and Europe.