Post by Wisealpha on Dec 19, 2019 18:16:16 GMT
Arrow Global is pleased to announce that Arrow Credit Opportunities SCSp and related entities, the "Fund", raised €628.5 million of third-party capital commitments into an 8-year closed end fund structure, drawing commitments from some of the largest and most sophisticated global investors from diverse geographies and sectors.
· €838.0 million achieved in total capital commitments, with €628.5 million from third-party investors
· Targeting €2.0 billion of total AUM[1] before the end of 2020
· Arrow Global to invest at least either 24.9% of the final commitment made to the Fund or €500.0 million as a co investor[2]
· Strong demand across a range of investors by geography and sector
· Deployment of AUM to commence early in 2020, providing additional Asset Management and servicing (AMS) revenue and fund management fee income to the Group
"Fund raise is transformational for Arrow Global"
Good news for arrow. All the funds like Bybrook capital that were slamming the sector are probably hoping everyone forgets their 'research'. Mind you they probably made money shorting in the midst of the uncertainty they caused.