GoldenTree Asset Management, a global asset management firm with over $53bn in AUM, has held the closing of its new private credit fund with capital commitments of $1.35bn, surpassing its original target of $800m to $1bn.
The fund has a global investor base that includes public and corporate pensions, sovereign funds, foundations, insurance companies, family offices and RIAs across the US, Europe, Asia and the Middle East. According to a press release, GoldenTree’s partners and employees have personally made commitments to the fund of over $50m.
The fund has capitalised on multiple themes, already drawing close to 50% of commitments, with investments in approximately 30 portfolio companies across 10 industries, delivering a net internal rate of return of 22%.
Over the last decade, GoldenTree has made over $6bn of private credit investments across over 15 industries.
