D.E. Shaw Raises $1 Billion in Latest Alkali Private Credit Fund

Investment firm D.E. Shaw & Co.raised $1 billion in commitments to its latest private credit fund, with a plan to buy assets in corporate and structured debt as well as synthetic securitizations.

The new vehicle, the sixth in the Alkali series begun by D.E. Shaw in 2012, is designed to provide exposure to less liquid credit-related assets. More than $500 million of investor capital will come from outside investors in prior Alkali funds, an uptick from its predecessor fund in 2021, according to a statement seen by Bloomberg News.

The $2 billion raised in the two most recent Alkali ...