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Laxman Pai, Opalesque Asia: Global alternative asset manager Balbec Capital Management has secured over $1.5 billion in commitments for its fifth and largest flagship fund, which it will deploy to buy up residential, commercial, and consumer whole loan portfolios across the performance spectrum.
InSolve Global Credit Fund V also comes with a $100 million expandable co-investment vehicle, said a media note from the investment management services. The Fund received significant support from a diverse base of existing Balbec clients and new investors globally.
"The Fund seeks to generate consistent, attractive returns with income yield by investing in assets that have a historically low correlation to public markets and taking advantage of Balbec's extensive experience, nimble approach, and deep counterparty relationships globally," said the release.
To date, the Fund has called 82% of commitments to capitalize on a substantial global opportunity set.
Warren Spector, Chairman of Balbec, said, "Our fifth global flagship fund has exceeded our target. As we seek to strategically scale the Balbec platform, we will continue to employ our repeatable investment process - which has proven resilient to date across market conditions - to deliver attractive returns for our investors."
Charles Rusbasan, Founding Partner and Chief Executive Officer of Balbec, said, "Since launching the Fund, we have deployed a significant amount of its capital into opportun...................... To view our full article Click here
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