Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, has expanded its distressed and corporate special situations platform by raising $1.3 billion the AG CSF2A (Annex) Dislocation Fund.

Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, has expanded its distressed and corporate special situations platform by raising $1.3 billion the AG CSF2A (Annex) Dislocation Fund, (Annex Dislocation Fund 2). 

In a statement, Angelo Gordon said the fund, which secured strong support from existing investors of the flagship Credit Solutions strategy, as well as a significant level of commitments from new institutional and retail investors, will "aim to capitalise on situational market volatility and stress by investing primarily in public debt securities whose prices have dislocated from long-term fundamentals". 

The fund was raised in less than seven months from the first to final closing.

The new vehicle is the latest in a series of investment vehicles that comprise Angelo Gordon’s $12 billion all-weather distressed and special situations platform, and is an extension of the AG Credit Solutions Fund II, which held a final close of $3.1 billion in April 2022. 

Angelo Gordon manages greater than $37 billion in credit assets and invests across corporate credit, lending, and structured credit strategies.