NEW YORK — Sculptor Capital Management, a leading global alternative asset manager specializing in opportunistic investing, announced the final close of the Sculptor Tactical Credit Fund (STAX), which exceeded its target with nearly $900 million in assets under management.
The Fund received strong support from a diverse base of institutional investors globally, including new and existing Sculptor clients.
STAX is positioned as an all-weather private credit fund focused on providing bespoke capital solutions across corporate, asset-based, and real estate credit markets. The Fund builds on Sculptor’s long-term success in managing opportunistic private credit funds that have performed well across diverse market environments.
Sculptor manages $23 billion across its global credit strategies and leverages its integrated global platform and extensive sourcing network to identify financing opportunities for issuers across credit markets.
“The rise in interest rates and complexity premia alongside a large impending debt maturity wall has created one of the most compelling environments to address liquidity needs in structuring bespoke capital solutions across credit markets,” said Jimmy Levin, Sculptor’s CIO and Executive Managing Partner. “The interest in STAX underscores our solutions-based expertise and more than 20 years of investing experience in all forms of credit.”
