Diameter Capital Raises $4.5 Billion in New Commitments for Dislocation Strategy Surpassing Hard Cap
Diameter Capital Partners LP (“Diameter”), an alternative asset manager focused on global credit markets, today announced the successful close of its third dislocation fund, Diameter Dislocation Fund III (the “Fund” or “DDF III”). The Fund and a related vehicle raised $4.5 billion in equity commitments, surpassing the initial hard cap of $4.25 billion. The Fund received strong support from a global base of sophisticated investors, with a third of commitments received from first time investors in Diameter’s Dislocation strategy.
Diameter Capital Partners Closes $2.2 Billion Dislocation Fund II at Hard Cap
Diameter Capital Partners LP ("Diameter"), a New York-based alternative asset manager focused on the global credit markets, today announced the final close of Diameter Dislocation Fund II (“DDF II”) at the hard cap with $2.2 billion of capital commitments. DDF II received significant support from current Diameter clients and new institutional relationships, with approximately 50% of commitments coming from first-time Diameter investors.
