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(Reuters) – Hedge fund D. E. Shaw Group mentioned on Tuesday it had raised a complete of $1.1 billion for 2 of its new funds centered on investing in personal markets.
Its personal credit-focused fund Diopter acquired $650 million and is aimed toward serving to banks handle dangers, whereas its Voltaic fund with $450 million is for investing in post-seed or development equity-stage corporations.
The increase comes as stellar development in personal debt markets over the previous decade appears set to mood as a looming recession and better rates of interest squeeze corporations’ earnings and their skill to service borrowing prices.
The D. E. Shaw group raised its first personal credit score fund in 2008, and since 2012 it has raised, together with Diopter, greater than $3.5 billion centered on the asset class, the corporate mentioned in an announcement.
