Pathlight raises over $1bn for ABL fund

Boston-based credit specialist Pathlight Capital closed its second round of asset-based financing funds raising a combined $1.16 billion of capital commitments.

Pathlight Capital Fund II and Pathlight Capital Offshore Fund II closed recently above the firm’s original fundraising targets. The firm, including separately managed accounts, now has over $1.77 billion in assets under management.

The ABL credit strategy is focused on asset-based financing solutions for working capital, refinancing, growth, acquisition, dividend and turnaround strategies.

“The opportunity to prove our all-weather return capabilities during the COVID-19 . . .

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