Silver Point Makes $8.5B Close on Third Specialty Credit Fund

Silver Point Capital announced the closing of the Silver Point Specialty Credit Fund III at $8.5B, inclusive of new commitments to other direct lending vehicles in the same fundraising period and with anticipated leverage, surpassing its $2B precursor fund. 

Like its predecessors, Fund III will focus mainly on self-origination and senior secured loans to middle-market companies, and its successful close brings the Greenwich, CT-based firm’s direct lending strategy to more than $15B in managed investment capital. 

Silver Point, which oversees $35B across the entirety of its credit platform, said the latest fund was supported by new and past investors from across the globe, including pensions, endowments and foundations, sovereign wealth funds, and family offices.

Source: https://www.prnewswire.com/news-releases/silver-point-closes-on-8-5-billion-in-new-capital-for-direct-lending-franchise-302308208.html