Bardin Hill raises USD600m for opportunistic credit strategy
Bardin Hill Investment Partners (Bardin Hill), an investment management firm specialising in credit strategies and event-driven equities, has held the final close of the Bardin Hill Opportunistic Credit Fund, LP and a parallel side-car vehicle with total commitments of approximately USD600 million.
The firm’s flagship closed-end Strategy received significant backing from new institutional investors globally, as well as from existing Bardin Hill clients.
The Strategy identifies and executes on stressed, distressed, process-driven, and special situations investments less correlated to global debt and equity markets with a focus on control-oriented opportunities in smaller and medium-sized capital structures. The Strategy is designed to leverage Bardin Hill’s extensive experience investing across multiple market cycles and niche credit strategies to maximise returns for investors while mitigating downside risk.
“The considerable support for the Strategy from new investors as well as long-time clients is a testament to their confidence in Bardin Hill’s disciplined, collaborative approach to credit investing, and to our differentiated strategy of sourcing compelling, less-trafficked opportunities across capital structures,” says Jason Dillow, Chief Executive Officer and Chief Investment Officer of Bardin Hill. “We remain confident about our portfolio construction and our ability to structure unique financing solutions for companies during a period of unprecedented economic challenge.