King Street Capital Management has held a final close for its Global Drawdown Fund II (GDF II) with $2.3 billion of capital commitments, exceeding its $2 billion target.
GDF II is King Street’s second global drawdown vehicle and targets opportunities across distressed and stressed corporate debt, structured products, asset-backed credit and claims. The fund received significant interest from a combination of new and existing global investors, with 80 percent re-upping their commitments from the firm’s predecessor vehicle, GDF I. The fund leverages King Street’s integrated global platform, extensive network and deal flow relationships to identify less liquid, longer-d