CarVal credit value fund hard closes at $2.3 billion

By Lawrence Delevingne

Tue Aug 13, 2013

The firm began marketing the fund last year.

John Brice (Photo: CarVal)

CarVal Investors, the $9 billion Hopkins, Minn. distressed and credit fund manager, has closed a hybrid private equity/hedge fund to new investment less than a year and a half after marketing began, according to a person familiar with the situation.

The CVI Credit Value Fund II is now finished with fundraising after attracting assets of $2.3 billion. CarVal began marketing the fund in March 2012 and initially closed it in January...


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