Arbour Lane Raises $1.2 Billion for New Secured Credit Fund

Arbour Lane Capital Management LP raised $1.2 billion for a new fund focused on secured debt investments, according to an emailed statement.

The investment manager, focused on opportunistic credit and special situation investments, exceeded its target of $750 million for its second fund. Arbour Lane’s new fund will focus on secured bank loans in midsize structures and other senior secured debt in out of favor investments, according to the statement.

Arbour Lane is a credit-focused investment manager founded in 2016 by Robert Franz, Ken Hoffman and Dan Galanter. It also acts as an adviser to Sixth Street Partners ...