Sound Point Secures $1.1bn for Fund II

Sound Point secures $1.1bn for Fund II

New York-based alternative credit manager Sound Point Capital has announced the first close of its Strategic Capital Fund III (SCF III), raising $1.1bn (£0.8bn), more than doubling the capital raised by its predecessor funds, according to a report by Alternative Credit Investor. With over $44bn in assets under management, Sound Point is targeting US corporate borrowers with SCF III through first-lien, short-maturity loans secured by liquid colla…

Sound Point Capital Holds $1.1B First Close Of Strategic Capital Fund III - SuperbCrew

Sound Point Capital Management, LP, a global alternative credit manager with over $44 billion in assets under management, specializes in credit strategies across various asset classes. Founded in 2008 and headquartered in New York, the firm focuses on originating and managing credit investments, including direct lending, asset-backed financing, and opportunistic credit. Its platform emphasizes proprietary deal sourcing, risk management, and tail…