Hedge fund Chatham targets up to $1 bln for distressed debt PE fund

New Jersey State Investment Council, pension fund, private equity, Tom Byrne
  • Chatham can invest new fund across capital structure
  • Firm led by Melchiorre, formerly of Morgan Stanley
  • New Jersey weighing $200 mln commitment
Chatham Asset Management, a long-short hedge fund with roughly $3.2 billion under management, is raising as much as $1 billion for a private equity vehicle for debt-related investments,  a New Jersey Division of Investment memo shows. New Jersey’s State Investment Council is ...
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