Angelo Gordon has held a final close for its AG Credit Solutions Fund II with $3.1 billion of equity commitments, exceeding the fund’s $3 billion target in seven months from the initial to final close.
Consistent with its predecessor, the fund’s investment strategy seeks to leverage the firm’s capital base and structuring expertise in partnering with companies to create customized financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.
The fund’s predecessor vehicle, AG Credit Solutions Fund (CSF), closed in 2020 with $1.8 billion of equity commitments.