Angelo Gordon, a New York-based alternative investment firm focused on credit and real estate investing, has closed its AG CSF2A (Annex) Dislocation Fund LP with $1.3 billion of equity commitments.
The Annex Dislocation Fund 2 looks to invest primarily in public debt securities whose prices have dislocated from long-term fundamentals. The fund is an extension of the AG Credit Solutions Fund II LP, which held a final close of $3.1 billion in April 2022. AG CSF2A was raised in less than seven months from the first to final closing.
“The dramatic price moves over the past twelve months have led to significant dispersion in individual names and created a credit-picker’s market,” comments Ryan Mollett, Angelo Gordon’s global head of distressed and corporate special situations and portfolio manager of the fund. “This dynamic, combined with our credit solutions capabilities, makes us very excited to tactically take advantage of opportunities in the public market.”