CarVal raises $1.1 billion for new credit fund
January 11, 2013
Minnesota, Florida pensions among early investors in the hybrid hedge-PE fund.
CarVal Investors, the $8 billion Hopkins, Minn. distressed and credit fund manager, has made an initial close of a new hybrid hedge and private equity fund at $1.1 billion, according to a person familiar with the situation.
||John Brice (Photo: CarVal)|
The firm started marketing the CVI Credit Value Fund II in March 2012 and attracted large allocations from at least two public pensions. The Florida State Board of Administration committed $200 million and the...
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