Fund Managers

Strategic Value Partners closes $1.65bn distressed debt vehicle

The 'custom mandate' has already invested more than 25 percent of its capital and is investing across various distressed strategies.

-

Strategic Value Partners has held a final close on a more than $1.65 billion “custom mandate” that will operate across its distressed debt platform.

The custom mandate, Strategic Value Dislocation Fund, will be able to invest in “an evolving set of opportunities”, including liquid and event-driven trading and debt-for-equity restructurings, a statement by Strategic Value Partners, known as SVPGlobal, said.