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Alternative Assets  + Private Debt  | 
Angelo Gordon Raises $1.3B Fund to Invest in Public Debt Securities

Angelo Gordon Raises $1.3B Fund to Invest in Public Debt Securities

Angelo Gordon, a $53 billion New York-based alternative investment firm focused on credit and real estate investing, has closed its second fund focused on swings in the public debt markets – Annex Dislocation Fund 2 – with $1.3 billion in commitments. The fund is an extension of the AG Credit Solutions Fund II, which held a final close of $3.1 billion in April 2022.

Raised in less than seven months, the Annex Dislocation Fund 2 aims to capitalize on stressed or distressed companies by investing primarily in public debt securities whose prices have dislocated from long-term fundamentals, according to the firm.

“The dramatic price moves over the past twelve months have led to significant dispersion in individual names and created a credit-picker’s market. This dynamic, combined with our credit solutions capabilities, makes us very excited to tactically take advantage of opportunities in the public market,” said Ryan Mollett, Angelo Gordon’s Global Head of Distressed & Corporate Special Situations and portfolio manager of the Fund.

Founded in 1988, Angelo Gordon manages more than $37 billion in credit assets and invests across corporate credit, lending and structured credit strategies.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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