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Deerpath closes sixth credit fund

Deerpath Capital Management attracted more than than $2.8 billion in capital commitments for its sixth private credit fund, according to a report by Reuters. The fund will finance healthcare, IT and business services companies with enterprise values between $50 million and $150 million.

Fundraising for the fund began in September 2021 with final close being held on 1 February. Backers include asset managers, private insurance companies and both public and private pension funds from around the world.

Deerpath’s previous fund, which closed in 2021, raised more than $2 billion in 2021, according to a company spokesperson, who also confirmed that  the lender is planning to commence fundraising for a seventh fund in the second quarter of this year.

Founded in 2007, Deerpath has about $6 billion in assets under management.

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