Silver Point Capital, a global credit investing firm, closed its latest opportunistic credit fund at $4.6 billion in total commitments, exceeding the $4 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion.
“We are grateful for the strong support we received from existing and new investors for the fund, which will seek to capitalize on what we believe will be an attractive opportunity set in the coming years,” Ed Mulé, founding partner, CEO and portfolio manager of Silver Point Capital, said. “With the new fund, which is highly complementary with our flagship hedge funds, our team will have even greater flexibility and increased scale to invest in the type of unique situations, including complex restructurings and process-oriented investments, where the firm has long been a market leader.”
