Angelo Gordon, an alternative investment firm concentrated on credit and real estate investing, has closed its AG Credit Solutions Fund II. The fund closed with equity commitments of $3.1 billion which exceeds the firm’s target of $3 billion.
The firm raised capital for the fund through significant support from the firm’s clients and new institutional and retail investors globally. The fund will look to leverage the firm’s capital and structuring expertise to partner with companies to develop customized financing services to resolve idiosyncratic liquidity and capital structure situations.
“The strong support we received for our second fund is validation of our solutions-based approach and commitment to using our capital, creativity and scale to help companies address complex capital situations,” explained Ryan Mollett, Angelo Gordon’s global head of distressed & corporate special situations and portfolio manager of the fund. “Our ability to capitalize on both public and private investment opportunities in varying market environments, as demonstrated particularly over the past two years, has driven performance for our investors.”