Anchorage Capital Raises $1.5B for Ninth Credit Opportunities Fund

Anchorage Capital Advisors has successfully closed its ninth credit opportunities fund, raising $1.5 billion, surpassing the initial $1.25 billion target. The Anchorage Credit Opportunities Fund IX, managed by Thibault Gournay and James Frost, focuses on stressed and distressed credit, special situations, and structured credit investments in the US and Europe. More than 70% of the capital commitments came from existing investors, underscoring strong confidence in the firm's strategy. Previous funds have delivered strong returns, with Fund VII producing a 15.1% net IRR and Fund VIII delivering 22.8% over the same period. Anchorage has raised approximately $4.5 billion since January 2022 and now manages about $26.1 billion in assets. The firm's expertise in complex credit markets positions it well to capitalize on opportunities amid ongoing market dislocations.