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Angelo Gordon raises $1bn for asset based credit fund

Angelo Gordon, a $73bn alternative investment firm focused on credit and real estate investing, has held the final close of the AG Asset Based Credit Fund with over $1bn of equity commitments, exceeding its $800m target. 

Angelo Gordon, a $73bn alternative investment firm focused on credit and real estate investing, has held the final close of the AG Asset Based Credit Fund with over $1bn of equity commitments, exceeding its $800m target. 

The fund secured significant support from existing Angelo Gordon clients, as well as new institutional investors.
 
The fund focuses on asset-based specialty private credit investments in a variety of trade formats across a broad array of collateral types within consumer, real asset, and other specialty lending markets. 

Angelo Gordon says the fund seeks to identify and fill material “financing gaps” by providing flexible capital solutions to assets or borrowers that do not fit into traditional lending categories. 

Angelo Gordon applied its experience in fund-backed rated notes to the new vehicle, allowing US insurance carriers to access the strategy in a capital efficient format.
  
The new fund brings the firm’s credit assets under management to $55 billion across corporate credit, lending, and structured credit strategies. 
 

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