Recognized as one of the premier practices in the industry, the Investment Funds Group leverages its extensive market knowledge and deep, long-term relationships to help sophisticated clients reach their most important investment goals. We have been at the forefront of some of the industry’s most creative and innovative investment product developments, helping clients set market trends instead of reacting to them.
Silver Point Closes on $4.6 Billion of New Capital for Opportunistic Credit Investments
- Client News
- September 16, 2024
Paul, Weiss advised global credit investing firm Silver Point Capital in the formation of its latest opportunistic credit fund. The fund closed with $4.6 billion in total commitments, exceeding the $4 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion. The fund, which has a longer-locked, drawdown structure, will invest in cyclically driven market dislocations, including traded credit and restructuring and process-oriented investments.
The Paul, Weiss team was led by corporate partners Conrad van Loggerenberg and Marco Masotti, and included Aaron Schlaphoff and Jennifer Songer; tax partners Matthew Jordan and Scott Sontag; and executive compensation counsel Jake Glazeski.