U.S.-based Tetragon Credit Income, the alternative asset management unit of Tetragon Financial Group Ltd., has completed with $430 million for its new fund.
The new fund, Tetragon Credit Income III LP, will focus on collateralized loan obligations (CLO) investments, including majority stakes in CLO equity tranches.
The new fund will enable the company to continue to make control equity investments in the primary market and to play an active role in the structuring of investments.
In 2017, Tetragon Credit Income also raised $350 million for its recent second investment vehicle, Tetragon Credit Income II LP.