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400 Capital Management Closes Latest Private Credit Fund at $1.39B
Alternative credit asset manager 400 Capital Management LLC (400CM) has closed its latest private credit fund, Asset Based Term Fund IV, at $1.39 billion. The oversubscribed fund, which initially targeted $1 billion, will focus on credit opportunities in the residential real estate, commercial real estate, consumer finance and specialty finance markets here and in Europe.
Chris Hentemann, managing partner and CIO at 400CM, called investor interest in ABTF IV “a testament to our longstanding performance in asset-based credit and the diversification benefits investors continue to recognize. As the shifting regulatory environment and rapidly evolving economic landscape continues to drive new opportunities and market dislocations, we continue to exercise the strength of our platform and investment expertise that delivers value to investors seeking strong risk-adjusted returns through patient capital strategies.”
New York-based 400CM began the Asset Based Term Funds in 2017 and has launched a new fund every two years.
Pictured: 400CM headquarters in Midtown Manhattan.
- ◦Financing
