Balbec collects over $1.5bn for fifth credit fund

• IGCF V builds on Balbec’s sourcing and investing in credit-sensitive financial assets such as residential, commercial, and consumer whole loan portfolios
• Balbec’s previous fund IGCF IV closed in 2020 at $1.2 billion
• Since its 2010 inception, Balbec has deployed over $14 billion in 22 countries

Balbec Capital has closed its fifth credit fund at over $1.5 billion.

InSolve Global Credit Fund V’s backers include existing Balbec clients and new investors globally.

IGCF V builds on Balbec’s sourcing and investing in credit-sensitive financial assets such as residential, commercial, and consumer whole loan portfolios across the performance spectrum.

Warren Spector, chairman of Balbec, said in a statement, “We are pleased to have closed our fifth global flagship fund, exceeding our target, a true testament to investors’ trust in Balbec’s skilled investment team, unique sourcing capability, rigorous due diligence, and disciplined approach to managing complex assets globally. As we seek to strategically scale the Balbec platform, we will continue to employ our repeatable investment process – which has proven resilient to date across market conditions – to deliver attractive returns for our investors.”

Since inception, Balbec has deployed over $14 billion in 22 countries, selectively investing across geographies and asset types to source the most attractive opportunities while mitigating macro risks. The Fund’s predecessor vehicle, IGCF IV, closed in 2020 with $1.2 billion of capital commitments.

Founded in 2010, Balbec Capital, LP is a global alternative asset manager that capitalizes on niche opportunities across the alternative credit spectrum.