Misra’s OneIM Seeks Capital for Structured Credit Push
- OneIM said to aim for annualized returns in low- to mid-teens
- Firm said seeking to boost fund size to more than $10 billion
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A $6.8 billion vehicle set up by SoftBank Vision Fund’s key architect Rajeev Misra is seeking further capital commitments from investors to push into structured credit as part of a strategy to generate double-digit returns, according to people familiar with the matter.
One Investment Management is aiming for annualized returns in the low- to mid-teens, the people said, asking not to be identified because the information is private. The firm is seeking to boost the size of its fund to more than $10 billion for its second close, according to the people.