Monarch Different Capital has closed the sixth iteration of its opportunistic credit score fund with greater than $4.7bn (£3.54bn).
The fund had a $3.5bn goal, which was exceeded on account of “sturdy investor help and huge funding alternatives within the opportunistic credit score and actual property markets,” the agency mentioned.
Monarch Capital Companions VI (MCP VI) attracted funding from each current and new traders throughout totally different geographies and channels.
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“We’re profoundly grateful for the continued belief and dedication from our long-standing traders, and excited to welcome many new companions to the fund,” mentioned Stacey Maman, chief technique officer and world head of consumer partnerships at Monarch.
“In our view, their confidence in Monarch’s technique and management is a testomony to our consistency, self-discipline, and talent to ship worth to our companions throughout altering markets.
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“The present panorama presents immense alternatives, and Monarch’s experience in sourcing compelling investments and unlocking worth in complicated conditions positions us to attain our funding goals for MCP VI.”
The fund has already invested greater than $3.5bn. It goals to “capitalise on complexity and dislocation throughout numerous areas of opportunistic credit score and actual property”.
This consists of investing in company loans and bonds, capital options, actual property lending, structured credit score, and different areas.
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