Locust Point launches private credit fund

Contemporary Healthcare Capital spinout seeks to raise $250m for debt-focused fund supporting long-term care facilities for senior citizens.  

Locust Point Capital is launching a private debt fund with a $250 million target that will focus on the healthcare sector, according to a market source.

The Locust Point Private Credit Fund is expected to reach its first close on up to $50 million by the end of September and aims to raise $100 million by the end of the year, this person said.

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