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Laxman Pai, Opalesque Asia: Sculptor Capital Management, a global alternative asset manager specializing in opportunistic investing, raised about $900 million for its opportunistic fund, exceeding its target.
The vehicle, named Sculptor Tactical Credit Fund Tactical Credit Fund (STAX), has been eyeing non-tradeable assets across corporate, asset-based, and real estate debt when opportunities arise.
STAX received strong support from a diverse base of institutional investors globally, including new and existing Sculptor clients, said a media release from the American diversified alternative asset management firm.
As per the release, STAX is an all-weather private credit fund that provides bespoke capital solutions across corporate, asset-based, and real estate credit markets.
"The Fund builds on Sculptor's long-term success in managing opportunistic private credit funds that have generated strong performance across diverse market environments. The Fund leverages Sculptor's integrated global platform and extensive sourcing network to identify opportunities to provide financing to issuers across credit markets," it stated.
Jimmy Levin, Sculptor's CIO and Executive Managing Partner, said, "The rise in interest rates and complexity premia alongside a large impending debt maturity wall has created one of the most compelling environments to address liquidity needs in structuring bespoke capital solutions across credit markets."
"The interest in ST...................... To view our full article Click here
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