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Laxman Pai, Opalesque Asia:

Angelo Gordon, the $53 billion alternative investment firm focused on credit and real estate investing, has raised another $1.3bn to boost the capital available to its credit solutions strategy.

According to a media release from the New York-based alternative investment firm, the second Annex Dislocation Fund will invest in corporate-debt securities that have dropped in price amid ongoing volatility in credit markets.

The Fund received strong support from existing investors of the flagship Credit Solutions strategy, as well as a significant level of commitment from institutional and retail investors new to Angelo Gordon. The Fund was raised in an expedited timeframe of fewer than seven months from the first to final closing.

"The Annex Dislocation Fund 2 seeks to capitalize on situational market volatility and stress by investing primarily in public debt securities whose prices have dislocated from long-term fundamentals," the release added.

The Fund, which is the latest in a series of investment vehicles that comprise Angelo Gordon's $12 billion all-weather distressed and special situations platform, is an extension of the AG Credit Solutions Fund II, L.P., which held a final close of $3.1 billion in April 2022.

Angelo Gordon manages greater than $37 billion in credit assets and invests across corporate credit, lending, and structured credit strategies.

Ryan Mollett, Angelo Gordon's Global Head of Distressed & Corporate Spec......................

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