Shenkman Raises $1.2 Billion for Inaugural Private Credit Fund

Shenkman Capital Management raised $1.2 billion of initial capital for its first private credit fund, roughly a year after partnering with JPMorgan Chase & Co. to expand into the fast-growing asset class.

The firm raised the money through a feeder fund backed by US insurance companies and plans to continue fundraising across a broader investor base, according to a person familiar with the matter. Shenkman disclosed the amount in a filing with the
Securities and Exchange Commission earlier this month.

Shenkman is one of several firms that has partnered with JPMorgan in the private credit market. As part of the ...