Silver Point Closes on $4.6 Billion of New Capital for Opportunistic Credit Investments

Paul, Weiss advised global credit investing firm Silver Point Capital in the formation of its latest opportunistic credit fund. The fund closed with $4.6 billion in total commitments, exceeding the $4 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion. The fund, which has a longer-locked, drawdown structure, will invest in cyclically driven market dislocations, including traded credit and restructuring and process-oriented investments.

The Paul, Weiss team was led by corporate partners Conrad van Loggerenberg and Marco Masotti, and included Aaron Schlaphoff and Jennifer Songer; tax partners Matthew Jordan and Scott Sontag; and executive compensation counsel Jake Glazeski.