The D. E. Shaw group – a global investment and technology development firm – announced that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI. This closed-end vehicle will pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations, and other specialty asset classes.
The fund’s investor base includes endowments and foundations, sovereign wealth funds, and pensions plans, and others. And external investors who had invested in a previous Alkali vintage contributed over $500 million of the total. The firm’s entities, principals, employees, and other investment funds contributed over $70 million of the total.
The D. E. Shaw group invested in private markets for much of its history and launched its first private credit fund in 2008. And The Alkali Series (launched in 2012) is a family of closed-end, intermediate-duration investment funds that pursues a multi-strategy approach and focus mostly on less-liquid opportunities in credit, credit-related, and other markets. The closing of Alkali VI brings aggregate commitments across the Alkali funds to about $3.9 billion.
Jager oversees the D. E. Shaw group’s Fundamental Equities, Asset-Backed Strategies, Convertible Securities, Corporate Credit, and Private Credit investment units, which collectively deploys capital across public and private equity and credit markets.
Alkali VI is overseen by the D. E. Shaw group’s Private Credit investment team, in close collaboration with the firm’s other credit-oriented investment teams. In total, the teams consist of about 200 investment, technology, data analysis, and research professionals. Managing Directors Rich McKinney, Marianna Fassinotti, and Seth Charnow are co-portfolio managers for the fund.
KEY QUOTES:
“We appreciate the continued support from our investors for our private fund offerings and are enthusiastic about the opportunity set we see for Alkali VI.”
“We expect Alkali VI will benefit from the depth of our investment teams, our collaboration across asset classes in public and private markets, and our extensive analytical and technological capabilities.”
– Edwin Jager, Managing Director and Executive Committee member
