Alternative asset manager EnTrustPermal has closed its Special Opportunities Fund IV with capital commitments of over USD1 billion.
EnTrustPermal’s Special Opportunities Funds are dedicated exclusively to co-investments, which target high-conviction ideas that are catalyst-driven and/or designed to exploit market dislocations.
EnTrustPermal launched its co-investment program a decade ago, as it saw an opportunity to extract a premium by capitaliSing on situations requiring longer-duration capital amidst the liquidity crunch of the global financial crisis. The program has since grown and expanded over 10-plus years, with opportunistic co-investments currently comprising over USD7.2 billion.
EnTrustPermal launched the fourth iteration of its Special Opportunities Funds with a first traunche close of approximately USD1 billion in commitments across 170 global investors. EnTrustPermal manages assets on behalf of a wide range of clients, including public pension funds, high net worth individuals, foundations and sovereign wealth funds.
Given existing mandates and continued investor demand for co-investments in the alternatives space, EnTrustPermal anticipates allocating additional capital to its co-investment strategy going forward.
