Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

SVPGlobal amasses $5bn for the latest distressed debt fund

Wednesday, August 04, 2021

Laxman Pai, Opalesque Asia:

Strategic Value Partners (SVPGlobal), a US-headquartered investment group focused on the debt of distressed companies, has closed its latest fund Strategic Value Special Situations Fund V (SVSS V) on its hard cap at $5bn.

The fund focuses on distressed debt, event-driven investments, special situations, and private equity investments said a press release from the global investment firm with more than $17.5 billion in assets under management.

It is 75% larger than its predecessor, Strategic Value Special Situations Fund IV, which closed in April 2018 at its $2.85 billion hard cap. The firm also closed Strategic Value Dislocation Fund, an event-driven and special situations credit fund, at $1.7 billion in October.

SVSS V completed fundraising only three months following its first close and closed above the fund's $4bn target, supported by both existing and new investors, it said.

The fund also exceeded the size of its predecessor, SVSS IV, and associated vehicles, which closed in April 2018 at the hard cap of $2.85bn.

The latest vehicle will focus on restructurings, event-driven investments, special situations, and trading-oriented opportunities in North America and Europe. It has already made investments in the basic industrial, aviation, and real estate sectors.

Investors in Strategic Value Special Situations Fund V include New Jersey Division of Investment, which invests on behalf of New Jersey Pension Fund, Trenton; Ohio Scho......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1