Launches & Closures Hedge Funds

Angelo Gordon preps CMBS fund


The firm, which manages $24 billion, will launch the new strategy in April.

Angelo, Gordon & Co. is preparing to launch a new fund dedicated to commercial mortgage-backed securities. The AG Real Estate Debt Investment Fund will roll out in April with $30 million, with a fundraising target of $200 million.

Managing director Andrew Solomon will oversee the fund, along with a team of four portfolio managers. Solomon joined in 2006 from NorthStar Realty Finance, a real estate finance company where he originated and acquired real estate debt and securities.

“There is a multi-year opportunity in commercial real estate debt markets and now is the right time to raise a fund,”