Andrew Hedlund
The fund has a two-year lock-up and gives investors the option to withdraw money annually.
The vehicle, like many of the other largest funds in market, will target distressed or turnaround situations.
The alternative asset manager’s previous pool of capital could invest up and down the capital stack.
The special situations investment shop is expected to invest in fewer than 20 companies.
Investors have conflicting feelings about private equity and private debt, according to a new survey.
The three investment firms are setting the asset class up for an eventful 2018.
The two firms’ strategy is a departure from the dime-a-dozen mid-market direct lending funds.
The firm’s private credit arm launched last year, when it also bought a minority stake in Antares Capital.
The mid-market lender lists healthcare and insurance among its specialties.
The New York-based firm’s previous vehicle for its financial assets-focused strategy was oversubscribed.