Anchorage Capital Advisors, L.P. announced the final close of Anchorage Credit Opportunities Fund IX (ACO IX) with $1.5 billion in commitments, surpassing its original $1.25 billion hard cap. The fund drew strong interest from both new investors and repeat backers, with Limited Partners from prior vintages accounting for more than 70% of total commitments. 

Co-portfolio managed by Thibault Gournay and James Frost, ACO IX is designed to invest in stressed and distressed credit, special situations, structured credit, and other opportunistic assets across U.S. and European markets. The fund emphasizes opportunities in smaller and more complex capital structures, where Anchorage believes active management and structuring expertise can deliver outsized returns. 

“The current investing environment, driven by elevated rates, policy uncertainty, and geopolitical conflict has created what we believe is a compelling opportunity set,” said Gournay, co-CIO and co-managing partner of Anchorage. “We are excited about the momentum ACO IX has generated early on in its investment period.” 

Headquartered in New York, Anchorage has raised over $4.5 billion in drawdown fund commitments across its platform since early 2022. The firm remains active across CLOs, drawdown funds, co-investments, and evergreen strategies, continuing to expand its footprint in credit-focused alternative investments. 

Connect Money will spotlight rising stars who have made a valuable contribution to the alternative investment industry. Based on your nomination, we will recognize professionals who have significantly influenced both the workplace and community. The deadline is September 10. Click here to submit your nominations.