Milken’s Former Manager Raises $500 Million for New Credit Fund

  • Carl Meyer formed Silver Rock Financial LP to manage new fund
  • Milken said to contribute several hundred million in seed cash

Michael Milken.

Photographer: Patrick T. Fallon/Bloomberg

The former head of Michael Milken’s family office raised more than $500 million in less than a month for a new hedge fund that will target high-yield bonds and distressed debt.

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