Structured credit manager LibreMax Capital raised $225 million for its Structured Opportunities Fund.
This is the fifth drawdown vehicle for New York-based LibreMax. The fund will seek to invest in less liquid, more esoteric opportunities across the structured credit markets. The strategy will focus primarily on private asset-backed securities across the consumer, residential and commercial credit sectors.
“In today’s environment, we believe private lending affords an attractive opportunity to generate uncorrelated returns.” Greg Lippmann, chief investment officer of LibreMax, said.
Greg Lippman (provided)
Since 2012, LibreMax has managed four drawdown . . .
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