Angelo Gordon Closes $1.8 Billion For Inaugural Credit Solutions Fund

By Dan Anderson ● February 13, 2020
  • Angelo Gordon & Co., L.P. ― a $38 billion alternative investment firm focused on credit and real estate investing ― has announced the final closing of AG Credit Solutions Fund with $1.8 billion of equity commitments

Angelo, Gordon & Co., L.P. ― a $38 billion alternative investment firm focused on credit and real estate investing ― has announced the final closing of AG Credit Solutions Fund, L.P. with $1.8 billion of equity commitments. The Fund ― which is the flagship closed-ended investment vehicle of the firm’s distressed and corporate special situations activities ― utilizes an all-weather investment approach designed to generate attractive risk-adjusted returns in any market environment. And the Fund’s investment strategy seeks to align with companies and create customized financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.

“We are grateful for the strong support from both longstanding clients and new investors to the firm. Our solutions-based partnership approach is differentiated, and we are committed to using our capital, creativity and scale to help companies and drive performance for our investors,” said Angelo Gordon’s Global Head of Distressed & Corporate Special Situations and portfolio manager Ryan Mollett.

The Fund held its initial closing in July 2019 and it substantially exceeded its $1 billion target and received significant backing from existing Angelo Gordon clients as well as new institutional investors globally.

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“Distressed and special situations credit has been a core expertise of Angelo Gordon since its founding over 30 years ago. The successful fundraising of the Credit Solutions Fund is confirmation of the platform’s leadership position in both the United States and Europe, and investors’ conviction in our ability to execute this all-markets investment strategy,” added Angelo Gordon co-CIO and Head of Credit Josh Baumgarten.

With over $25 billion of assets under management, Angelo Gordon’s credit business invests across corporate, private, and structured credit strategies, including distressed and corporate special situations, convertible arb/merger arbitrage, performing credit, liquid credit, energy, middle-market direct lending, residential and consumer debt, and CMBS and loan originations.