Diameter Raises $4.5 Billion Credit Fund Betting on Dislocation

Credit investment firm Diameter Capital Partners has raised $4.5 billion for its latest fund aiming to seize on market dislocations.

The $25 billion firm run by Scott Goodwin and Jonathan Lewinsohn said in a statement that the haul exceeded its target for the third fund in its dislocation series. The fund has already gained 14.8% on the capital it has put to work this year, a person with knowledge of the matter said.