Skip to content

Balbec Clinches Over $1.5 Billion Raise for Flagship Credit Fund

  • Proceeds will go toward firm’s fifth and largest vehicle yet
  • The fund is piling into residential mortgage loans, MSRs

Alternative asset manager Balbec Capital Management has secured over $1.5 billion in commitments for its fifth and largest flagship fund, which it will deploy to buy up residential, commercial and consumer whole loan portfolios across the performance spectrum.

Launched last year, the InSolve Global Credit Fund V also comes with a $100 million expandable co-investment vehicle. It is geared toward credit investments that have little correlation to the global public markets, including both performing and non-performing debt. The fund also focuses on alternative assets like residential mortgage servicing rights, according to a statement seen by Bloomberg.