Bardin Hill Credit Fund Posted 22% Gain Through 2021, Grows Team

A Bardin Hill Investment Partners credit fund posted a 22% net annualized return through 2021 largely by capitalizing on distress in the technology and consumer sectors.

The gain is annualized since the Bardin Hill Opportunistic Credit Fund’s inception in 2020, according to a person with knowledge of the situation. The $600 million vehicle focuses on stressed and special situations investments across the capital stack.

New York-based Bardin Hill saw opportunities last year across technology firms that have shrinking cash flows and valuable intellectual property, as well as consumer-related businesses as Covid moves toward the endemic phase, and life sciences companies ...