CarVal raises $1.1 billion for new credit fund

By Lawrence Delevingne

Fri Jan 11, 2013

Read more:



Minnesota, Florida pensions among early investors in the hybrid hedge-PE fund.


 
John Brice (Photo: CarVal)
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.


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...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI