The InSolve Global Credit Fund V is on track to become the asset manager’s largest, exceeding the $1.2 billion raised for Balbec’s fourth fund last year, the person said. The fifth fund will invest in non-performing consumer loans like mortgages and other debts of individuals going through Chapter 13 bankruptcy or equivalent global proceedings. Chapter 13 bankruptcy filers typically have regular incomes and develop ...
May 5, 2021, 12:00 PM
Balbec Raises $560 Million for New Distressed Consumer Loan Fund