Silver Point Closes $4.6 Billion Fund for Opportunistic Credit

Silver Point Capital closed a $4.6 billion opportunistic credit fund, exceeding its target of $4 billion, according to a statement seen by Bloomberg News.

The fund, more than double the size of a predecessor vehicle, is focused on investing in global market dislocations including traded credit and restructuring, the statement said. With the close, Silver Point now manages about $31 billion of assets across strategies including direct lending and structured credit.

The new fund adds to Silver Point’s capacity to invest in complex restructurings and other “unique situations,” Ed Mulé, Silver Point Capital’s founding partner and chief executive officer, ...