New York-based Backcast Partners Management announced the final closing of its first private credit fund, Backcast Credit Opportunities Fund I.
The firm, which was launched in 2016, did not disclose the amount raised in its new LP fund specifically. Officials did add that upon the fund’s final closing, Backcast’s assets under management exceeded $775 million, which includes capital from the fund, other managed co-investment vehicles and separately managed accounts.
All vehicles remain unlevered, officials stressed.
“We are grateful to our investors and partners for the role they played in . . .
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