D.E. Shaw raises $1bn in private credit
The D.E. Shaw Group has grown its private credit portfolio in raising $1 billion in commitments for the D.E. Shaw Alkali Fund V, which is dedicated to investing in stressed and distressed assets, financings and special situations opportunities.
The quantitative investment-focused New York firm’s entities, principals and employees contributed more than $100 million of the overall fundraise, while external investors in previous vintages of the strategy added more than $450 million. The closing brings aggregate commitments across the Alkali series to approximately $2.9 billion.
The Alkali series began in 2012 . . .
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