Connecticut-based credit investing firm Silver Point Capital announced Monday the successful closing of its latest credit fund, Silver Point Specialty Credit Fund III, with over $8.5 billion in commitments.
Exceeding Fundraising Goals with Global Investor Support
Silver Point Specialty Credit Fund III exceeded its initial fundraising target, drawing robust support from a diverse range of new and existing institutional investors. These investors include pensions, sovereign wealth funds, endowments, foundations, insurance companies, and family offices, the firm said in a statement.
“We thank our investors, both new and existing, for their strong backing of Specialty Credit Fund III and their continued appreciation of our team, strategy, experience, and track record,” said Ed Mulé, CEO, portfolio manager, and founding partner of Silver Point. “We look forward to continuing to build upon the significant successes of our Direct Lending business, both for our limited partners and our portfolio companies.”
Focus on Direct Lending to Middle-Market Companies
The newly raised fund will be allocated to self-originated, senior secured loans aimed at middle-market companies. Silver Point plans to leverage its experience, differentiated sourcing capabilities, and underwriting expertise to address borrower needs effectively.