Launches & Closures Hedge Funds

Candlewood launches second credit fund

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The fund will focus on structured credits.

Candlewood Investment Group, the $840 million credit shop that spun out of Credit Suisse’s asset management division in the fall of 2010, has launched a second fund to invest in structured credits.

The Candlewood Structured Credit Fund, which opened to new investors this month, is co-managed by Gregory Richter and Brian Herr. Richter was a structured credit advisor for the Credit Investment Group in Credit Suisse’s asset management division and before that he headed Credit Suisse’s Specialty Finance Group. Herr was a structured credit portfolio manager within Credit Suisse’s Credit Investment Group. Both have been working at