Balbec Capital (Balbec), an alternative investment manager with over $16bn in platform assets, has held the final close of InSolve Global Credit Fund VI (IGCF VI), with over $1.7bn in commitments across the flagship fund and related vehicles.
Balbec received strong support from both existing clients and new investor relationships globally, including sovereign wealth, pension funds, insurance companies, consultants, and multi-family offices. Balbec anticipates additional capital commitments to the strategy to be finalised this year.
According to a press statement, “IGCF VI builds upon Balbec’s 15-year track record of identifying and executing repeatable, sustainable, and scalable investments across the asset-based credit spectrum”. The fund’s diversified portfolio of investments will consist of primarily amortising financial assets, including residential and commercial mortgage loans, consumer NPLs and restructured payment plans, mortgage servicing rights, and related credit assets with attractive risk-return profiles.
To date, the Fund has called 51% of capital commitments.
Since its founding in 2010, Balbec has deployed over $23bn globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies. The fund’s predecessor vehicle, IGCF V, closed in 2022 with over $1.5bn of capital commitments.
