LibreMax Capital (LibreMax), an asset management firm specialising in structured products and corporate credit, has successfully closed its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, with total capital commitments of approximately USD225 million.

The Structured Opportunities Fund will target investments that have unconventional asset pools or are created in less liquid forms. The Fund will focus primarily on private asset-backed securities across the consumer, residential and commercial credit sectors.

Greg Lippmann, Chief Investment Officer of LibreMax, says: “In today’s environment, we believe private lending affords an attractive opportunity to generate uncorrelated returns. Leveraging our market relationships, asset expertise and proprietary technological infrastructure, LibreMax is uniquely positioned to provide bespoke capital solutions to help companies fund future growth or meet liquidity needs in a post-Covid world. The Structured Opportunities Fund complements and extends our growing franchise of credit products, and we are grateful for the support of our limited partners.”

Since 2012, LibreMax has managed four drawdown vehicles totalling over USD1.4 billion in committed capital as part of its diversified platform of alternative and long-only strategies. LibreMax also offers collateralised loan obligation management through its Trimaran Advisors, LLC subsidiary.