Bardin Hill Investment Partners has closed its opportunistic credit fund at about $600 million. The fund’s backers include institutional investors and existing Bardin Hill clients.
NEW YORK – February 9, 2021 – Bardin Hill Investment Partners LP (“Bardin Hill”), a leading investment management firm specializing in credit strategies and event-driven equities, today announced the successful final close of the Bardin Hill Opportunistic Credit Fund, LP and a parallel side-car vehicle (collectively, the “Strategy”) with total commitments of approximately $600 million. The firm’s flagship closed-end Strategy received significant backing from new institutional investors globally, as well as from existing Bardin Hill clients.
The Strategy identifies and executes on stressed, distressed, process-driven, and special situations investments less correlated to global debt and equity markets with a focus on control-oriented opportunities in smaller and medium-sized capital structures. The Strategy is designed to leverage Bardin Hill’s extensive experience investing across multiple market cycles and niche credit strategies to maximize returns for investors while mitigating downside risk.
“The considerable support for the Strategy from new investors as well as long-time clients is a testament to their confidence in Bardin Hill’s disciplined, collaborative approach to credit investing, and to our differentiated strategy of sourcing compelling, less-trafficked opportunities across capital structures,” said Jason Dillow, Chief Executive Officer and Chief Investment Officer of Bardin Hill. “We remain confident about our portfolio construction and our ability to structure unique financing solutions for companies during a period of unprecedented economic challenge.
“Looking ahead, we are excited to build upon this success and continue to capture opportunities that we believe will generate strong risk-adjusted returns as the investment landscape evolves in a post-COVID world.”
About Bardin Hill Investment Partners LP
Founded in 1981, Bardin Hill is a leading investment management firm with core competencies in distressed, stressed, and performing credit as well as litigation-driven investing, merger arbitrage and event-driven equities. Based in New York, Bardin Hill currently manages $8.4 billion and employs approximately 75 professionals dedicated to rigorous investment analysis, extensive due diligence, and a disciplined approach to capital formation.