Blue Torch Raises $1 Billion for Latest Special Situations Fund

July 25, 2022, 6:30 PM UTC

Private-credit firm Blue Torch Capital has raised $1 billion for its latest special situations fund after launching the vehicle in April.

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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