Angelo Gordon raises nearly $2bn for credit fund

New York firm Angelo, Gordon & Co said it collected $1.8 billion of equity commitments for its final closing of AG Credit Solutions Fund.

The $38 billion firm’s flagship closed-ended investment vehicle of the firm’s distressed and corporate special situations activities, employing an all-weather approach to generate risk-adjusted returns in any market environment.

Officials said that the investment strategy seeks to align with companies and create customized financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.

The fund exceeded its $1 billion target with . . .

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