BARDIN

Bardin Hill Raises $600 Million for Opportunistic Credit Strategy

Retrieved on: 
Tuesday, February 9, 2021
Professional services, Finance, Finance, Money, Economy, Financial law, Financial risk, Bardin, Arbitrage, Investor

Bardin Hill Investment Partners LP (Bardin Hill), a leading investment management firm specializing in credit strategies and event-driven equities, today announced the successful final close of the Bardin Hill Opportunistic Credit Fund, LP and a parallel side-car vehicle (collectively, the Strategy) with total commitments of approximately $600 million.

Key Points: 
  • Bardin Hill Investment Partners LP (Bardin Hill), a leading investment management firm specializing in credit strategies and event-driven equities, today announced the successful final close of the Bardin Hill Opportunistic Credit Fund, LP and a parallel side-car vehicle (collectively, the Strategy) with total commitments of approximately $600 million.
  • The firms flagship closed-end Strategy received significant backing from new institutional investors globally, as well as from existing Bardin Hill clients.
  • The Strategy is designed to leverage Bardin Hills extensive experience investing across multiple market cycles and niche credit strategies to maximize returns for investors while mitigating downside risk.
  • Founded in 1981, Bardin Hill is a leading investment management firm with core competencies in distressed, stressed, and performing credit as well as litigation-driven investing, merger arbitrage and event-driven equities.

KBRA Assigns Preliminary Ratings to Bardin Hill CLO 2021-1 Ltd.

Retrieved on: 
Friday, February 5, 2021
Banking, Professional services, Finance, Loans, Collateralized loan obligation, Mortgage, Bardin, Credit rating agency, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Bardin Hill CLO 2021-1 Ltd. (Bardin Hill 2021-1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Bardin Hill CLO 2021-1 Ltd. (Bardin Hill 2021-1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.
  • Bardin Hill 2021-1 is managed by Bardin Hill Performing Credit Management LLC (BHPCM or the collateral manager) and will have a five-year reinvestment period.
  • The collateral in Bardin Hill 2021-1 will mainly consist of broadly syndicated senior secured leveraged loans issued by corporate obligors diversified across sectors.
  • Bardin Hill Investment Partners LP (Bardin Hill) is a global investment management firm that specializes in credit strategies and event-driven equities.