Sound Point Capital Management raises $500m

The New York-based firm closed its inaugural credit fund.

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Fund name: Sound Point Strategic Capital Fund

Amount raised: $500m

Target size: $500m

Stage of fundraising: Final Close

Final close date: December 2019

Time on the road: 19 months

Sound Point Capital Management has reached a final close on its debut drawdown turnaround fund, Sound Point Strategic Capital Fund, with $500 million in committed capital.