Balbec Raises $1.7 Billion in Latest Fund for Mortgage Debt
- The fund invests in consumer loans, mortgages and others
- Balbec also looking to issue first Spanish securitizations
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Alternative asset manager Balbec Capital LP has clinched more than $1.7 billion in commitments for its sixth flagship fund, which will invest in residential and commercial mortgage debt, making it the firm’s largest to date.
The vehicle — dubbed InSolve Global Credit Fund VI — will invest in a variety of mortgage debt, including residential and commercial mortgage loans, mortgage servicing rights and consumer non-performing loans, according to a statement seen by Bloomberg News. The latest haul beat out Balbec’s predecessor fund that closed at just over $1.5 billion in July 2022.