Contrarian Capital Management launches next debt fund

Contrarian Capital Management, a distressed investment manager headquartered in Greenwich, Conn., is marketing its next real estate debt fund, Contrarian Distressed Real Estate Debt Fund IV, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

The new fund will invest in debt secured by real estate properties throughout the United States. According to the filing, the firm has collected $112 million as of March 4.

The third fund in the series, Contrarian Distressed Real Estate Debt Fund III, raised $450 million in 2016.

Contrarian focuses on risk/reward opportunities in distressed assets in the U.S., Western Europe and emerging markets. The series’ investments may include distressed U.S. performing debt, European performing debt, emerging markets, bankruptcy/trade claims, post-reorganized equity and opportunistic short