New York-based Balbec Capital announced its fourth global credit fund’s successful final close, which exceeded its fundraising target, as has been the case with a number of other private credit funds this year.
InSolve Global Credit Fund IV closed with total commitments of approximately $1.2 billion, making it Balbec’s largest fund to date. The firm received backing from its current clients as well from a number of new global institutional investors.
The fund will seek to identify and capitalize on investment opportunities with a focus on a subset of non-performing . . .