Credit-focused alternative investment firm Anchorage Capital Advisors, has closed its latest flagship vehicle, the Anchorage Credit Opportunities Fund IX, on $1.5bn, surpassing its initial $1.25bn hard cap, according to a report by Bloomberg.
The strategy, overseen by Thibault Gournay and James Frost, will target stressed and distressed credit, structured products and special situations across the US and Europe. More than 70% of capital commitments came from existing investors in prior vintages, reflecting strong LP appetite for the fund’s approach.
Anchorage’s earlier funds have delivered robust performance, with Fund VII generating a 15.1% net IRR through 30 June and Fund VIII producing 22.8% over the same period. Previous investments have included Altice France, Steinhoff, EyeCare Partners and Covia Holdings.
Anchorage, led by Gournay and Yale Baron, has raised around $4.5bn in fresh capital since January 2022 and now manages approximately $26.1bn in assets.
