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Angelo Gordon raises $3.1bn for second credit solutions fund

Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, has held the final close of the AG Credit Solutions Fund II at $3.1 billion of equity commitments, exceeding the fund’s $3.0 billion target in seven months from the initial to final close.

The Fund received significant support from current Angelo Gordon clients and new institutional and retail investors globally.

The closed-end Fund is the latest in a series of vehicles raised over the last three years that comprise a now $11 billion all-weather distressed and special situations platform. Consistent with its predecessor, the Fund’s investment strategy seeks to leverage the firm’s capital base and structuring expertise in partnering with companies to create customised financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.

The Fund’s predecessor vehicle, AG Credit Solutions Fund, LP (CSF), closed in 2020 with $1.8 billion of equity commitments. 

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