Fried Frank-Led Angelo Gordon Seals $3.1B Credit Fund

By Charlie Innis (May 24, 2022, 11:58 AM EDT) -- Angelo Gordon & Co. LP, a credit- and real estate-focused investment firm, said Tuesday it has clinched its second credit fund for investing in distressed companies in need of financial support at $3.1 billion, with guidance from Fried Frank Harris Shriver & Jacobson LLP.

AG Credit Solutions Fund II LP beat its target by $100 million and is more than $1 billion bigger than the fund's predecessor, AG Credit Solutions Fund LP, which closed in 2020 at $1.8 billion, according to the announcement.

The fund is part of Angelo Gordon's distressed credit and corporate special situations arm, which invests in the...

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