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D.E. Shaw Raises $1 Billion in Latest Alkali Private Credit Fund.

D.E. Shaw Raises $1 Billion in Latest Alkali Private Credit Fund.

Authors :
Milton, Immanual John
Source :
Bloomberg.com; 11/13/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

D.E. Shaw & Co. has successfully raised $1 billion for its latest private credit fund, Alkali VI, focusing on less liquid credit-related assets. This fund is the sixth in the Alkali series and will be managed by Richard McKinney, Marianna Fassinotti, and Seth Charnow. The firm manages over $60 billion across various strategies and has seen success with its private credit vehicles, such as the Diopter series. Private credit funds have outperformed buyout funds recently, but this trend may change as interest rates are cut by the Federal Reserve. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180847698