Sculptor Closes $900M Tactical Credit Fund
Sculptor Capital Management held the final closing of its Tactical Credit Fund (STAX), raising nearly $900 million from global institutional investors. The fund focuses on tailored capital solutions in corporate, asset-based, and real estate credit markets, expanding Sculptor’s $23 billion credit strategy portfolio.
CIO Jimmy Levin noted the fund’s timely launch amid rising interest rates and looming debt maturities, creating ideal conditions for liquidity solutions. The credit platform operates across three strategies: Opportunistic Credit, targeting mispriced yields; Private Credit, delivering customized financing; and Institutional Credit, encompassing leveraged loans, high-yield bonds, and structured products.
The launch follows Sculptor’s recent achievements, including the €410.1 million ($465 million) Sculptor European CLO XII and the $400 million Sculptor CLO XXVI reset, arranged via Citigroup Global Markets.
With a 30-year track record in opportunistic investing, Sculptor manages $34 billion in assets as of December 31, 2024. The firm operates globally from offices in New York, London, Hong Kong, and Shanghai, having deployed over $200 billion in credit investments over the past 17 years.