Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BlueMountain Credit Opportunities Fund I closes with $1.4bn in commitments

Wednesday, October 10, 2012
Opalesque Industry Update: BlueMountain Capital Management a private investment firm with over $10 billion in assets under management today announced the closing of the BlueMountain Credit Opportunities Master Fund I LP the firm’s most recent and largest longer-dated credit fund, with over $1.4 billion in capital commitments.

Credit Opportunities I will invest opportunistically to capture the large premium available in more complex and less liquid credit instruments. The fund will focus on corporate structured credit such as CLOs and synthetic collateralized debt obligations, asset-backed financing transactions and securities and off-the-run single company corporate credit. The new fund lets investors take advantage of opportunities arising in less liquid credit instruments that are being driven by regulatory changes, complexity fatigue and the retreat of bank capital from secured, asset backed and structured lending markets.

“We are pleased with the reception this fund has had among institutional investors and family offices,” said Stephen Siderow, President and Co-Founder of BlueMountain. “A combination of political and market forces, including the secular retreat of capital from traditional lenders, has created opportunities for very attractive risk-adjusted returns for investors who have the ability and confidence to commit capital with us for 5 years. Our proven expertise, track record, scale of operations and industry-leading infrastructure allow us to capitalize on these opportunities.”

Credit Opportunities I will benefit from BlueMountain’s collaborative investment process that integrates fundamental company research, technical analysis of credit instruments and markets and sophisticated mathematical modeling of fixed income cash flows. The fund will leverage BlueMountain’s 140-person team, including 20 research analysts and 23 portfolio managers, across its New York and London offices. The closing of the new fund will bring BlueMountain’s assets under management to over $11 billion.

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s