Tor Investment Management raises $240m

The firm's second fund has nearly reached one-third of its fundraising target.

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  • Fund name: Tor Asia Credit Opportunity Fund II
  • Amount raised: $240 million
  • Target size: $750 million
  • Time on the road: Three months
  • Predecessor fund: Tor Asia Credit Opportunity Fund ($263 million)
Tor Investment Management has raised $240 million on Tor Asia Credit Opportunity Fund II, according to a press release by the firm. The fund will focus on directly originated private loans, particularly situations created by covid-19 related dislocations.