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Ironshield Capital launches closed-end credit opportunities fund

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Ironshield Capital, a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.

Ironshield Capital (Ironshield), a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.
 
The new fund will target a size of $300 million with an initial close planned for summer 2023. It has also targeted an IRR of 25% across a four-year fund term (with a one-year optional extension).
 
The fund, which will be managed by Ironshield’s team of credit specialists, led by David Nazar, CIO and Founder, alongside an experienced team of fundamental credit analysts, will look to capitalise on the pipeline of stressed and distressed opportunities created by higher interest rates and an ongoing tightening of financial conditions which will be exacerbated by recent bank stress.
  
Ironshield was established in 2007 and has a 16-year track record of managing event-driven, European stressed and distressed credit. Their current platform includes four other credit strategies, and their flagship fund generated net returns of 31% in 2021 and 22% in 2022.

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