Launches & Closures

Commercial Intelligence targets $100m for debt claims fund

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Specialist emerging markets distressed debt fund manager Commercial Intelligence Funds Group is seeking to raise $100 million for its Global Distressed Alpha Fund III (GDAF III), to invest in emerging market commercial and sovereign-backed debt and other claims.

The firm recently announced a first close at just over $18 million. Investors so far have included a global investment management firm and a range of family offices, private wealth managers and high-net-worth individuals.

The firm will invest in debt claims, judgements and arbitration awards in Africa, Asia the Middle East and Latin America. It targets a wide range of