The D. E. Shaw Group, a global investment and technology development firm, has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI, a closed-end vehicle that is expected to pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations and other specialty asset classes.
The fund’s investor base includes endowments and foundations, sovereign wealth funds and pensions plans, among others. External investors who had invested in a previous Alkali vintage contributed more than $500 million of the total, while the firm’s entities, principals, employees and other investment funds contributed more than $70 million of the total.
“We appreciate the continued support from our investors for our private fund offerings and are enthusiastic about the opportunity set we see for Alkali VI,” Edwin Jager, managing director and executive committee member, said.
Jager oversees the D. E. Shaw Group’s fundamental equities, asset-backed strategies, convertible securities, corporate credit and private credit investment units, which collectively deploy capital across public and private equity and credit markets.
Alkali VI is overseen by the D. E. Shaw Group’s private credit investment team, in close collaboration with the firm’s other credit-oriented investment teams. In total, these teams consist of approximately 200 investment, technology, data analysis and research professionals. Rich McKinney, Marianna Fassinotti and Seth Charnow, managing directors, are co-portfolio managers for the fund.
“We expect Alkali VI will benefit from the depth of our investment teams, our collaboration across asset classes in public and private markets and our extensive analytical and technological capabilities,” Jager said.
