GoldenTree Is Making Its Biggest Bet Yet on Private Credit With $1.5 Billion Fund
- New fund is part of plan to ramp up direct loans to companies
- Recent hires for private credit group include Frank and Zvara
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Steve Tananbaum is making his biggest bet to date on one of the hottest corners of Wall Street: private credit.
GoldenTree Asset Management, the credit investment firm he founded over two decades ago, is looking to raise as much as $1.5 billion for its first fund dedicated to providing loans directly to companies, according to people with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly.