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Laxman Pai, Opalesque Asia: Hedge fund D.E. Shaw raised $1 billion in commitments to its latest private credit fund, with a plan to buy assets in corporate and structured debt as well as synthetic securitizations.
The global investment and technology development firm said in a press release that D. E. Shaw Alkali Fund VI (Alkali VI 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 investment firm said that Alkali VI's investor base includes endowments and foundations, sovereign wealth funds, and pension 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," said Edwin Jager, Managing Director and Executive Committee member. Edwin 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.
The D. E. Shaw group has invested in private markets for much of its history and launched i...................... To view our full article Click here
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