Raven Capital Management, a private equity manager that invests in asset-based senior secured loans and cash flow generating assets, has held the final closing of Raven Asset-Based Opportunity Fund I.
The fund now has over USD150m in capital commitments.
“While low interests rates and volatility dominate the broader fixed income markets, we believe attractive opportunities exist in the un-banked and off-the-run credits we directly originate,” says Josh Green (pictured), founder and portfolio manager. “We are pleased with the confidence our investors have shown in us, and look forward to working with a diverse set of counterparties.”
In addition to the fund closing, Chris Felice has joined the company as the firm’s Controller. Felice comes to Raven from HGGC (formerly Huntsman Gay Global Capital), a middle-market private equity firm with approximately USD1.1bn in committed capital, where he served as vice president and controller.
