Strategic Value Partners and its affiliates (SVPGlobal), a global investment firm focused on distressed debt, event-driven investments, special situations and private equity opportunities, has held the successful final closing of Strategic Value Special Situations Fund V (SVSS V) at its hard cap of USD5 billion.
This fund closing, when combined with SVPGlobal’s existing portfolios and other fund raises, including last summer’s approximately USD1.7 billion Dislocation Fund, has increased SVPGlobal’s total assets under management to more than USD17.5 billion, making it one of the largest global investors in the distressed debt and special situations space.
SVSS V, which completed fundraising only three months following its first close, received significant demand beyond its hard cap and closed well above the Fund’s USD4 billion target with support from a diverse and global base of existing and new investors. The Fund also exceeded the size of its predecessor, SVSS IV and associated vehicles, which closed in April 2018 at the hard cap of USD2.85 billion.
Like its predecessor Special Situations Funds, SVSS V is focused on restructurings, event-driven investments, special situations and trading-oriented opportunities in North America and Europe. SVSS V already has made or announced investments in the basic industrial, aviation and real estate sectors.
Read more/Source: Private Equity Wire
