Sculptor Raises Near $1 Billion to Hunt for Private Debt Deals

Sculptor Capital Management Inc. raised about $900 million for its opportunistic fund as the firm looks to capitalize on market dislocations.

The vehicle, named Sculptor Tactical Credit Fund, reached final close and has been eyeing non-tradeable assets across corporate, asset-based and real estate debt when opportunities arise, according to a statement seen by Bloomberg News.

The alternative asset manager has been investing through the fund since its inception in 2022, achieving over 15% in annualized net returns, according to a person with knowledge of the matter, who asked not to be identified discussing private information.

Private credit firms are looking ...