Beach Point Capital Management, a diversified alternative asset manager, has closed both its BPC Opportunities Fund V LP (Opportunities Fund V) and BPC Real Estate Debt Fund (BPRED), raising over $750m and $545m of investable capital, respectively.
The investors in both funds represent a wide range of sophisticated global institutions including pensions, insurance companies, family offices, sovereign wealth funds, foundations, and endowments, among others.
Opportunities Fund V is Beach Point’s largest Opportunities Fund since the strategy was established in 2010 to flexibly invest across the full range of middle market opportunistic private credit, including investing in complex businesses, highly structured transactions and temporary market or company dislocations.
Since then, Beach Point has nimbly and successfully invested more than $5bn through this strategy in sectors including opportunistic direct lending, capital solutions, asset-backed, and special situations.
BPRED is Beach Point’s first dedicated real estate fund, building on the firm’s strong history of investing across private and public real estate capital structures in its diversified funds, and pursues a flexible, all-weather approach to investing across the United States’ middle market.
The fund’s strategy spans directly across originating loans, seeking to opportunistically purchase debt at compelling discounts to intrinsic value, and special situations that may provide additional equity upside.
Both funds have been actively deploying capital across a wide range of transactions and have robust pipelines of future investment opportunities with BPRED 56% deployed and Opportunities Fund V approximately 50% deployed.
