Private-credit firm
The raise marks the first close for the fund, named the Blue Torch Credit Opportunities Fund III, according to a person familiar with the matter.
The previous iteration of the fund, Blue Torch Credit Opportunities Fund II, raised about $1.7 billion in 2021. The latest vehicle is expected to exceed that target as it continues fundraising efforts through April 2023, the person added.
A spokesperson for Blue Torch Capital declined to comment.
The New York-headquartered lender focuses on special ...
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