Diameter Capital Partners LP Diameter, a New York-based alternative asset manager focused on global credit markets, announced today the full close of Diameter Dislocation Fund II DDF II at the hard cap of $2.2 billion in capital commitments.
DDF II got considerable support from existing Diameter clients as well as new institutional partnerships, with first-time Diameter investors accounting for approximately 50% of commitments.
The closed-end drawdown fund will invest globally across sectors, with an emphasis on poorly performing credit, stressed, and distressed investments resulting from either micro-cyclical or broader macro problems. Diameter’s dynamic approach to portfolio management and bottom-up position formation is used in this method.
DDF II, in keeping with Diameter’s investment process, will benefit from Diameter’s combination of research and trading to profit on dislocation fast.
Diameter Dislocation Fund I, DDF II’s predecessor vehicle, closed in 2021 with roughly $725 million in total commitments. Diameter manages over $13 billion in assets and invests in corporate credit throughout the whole credit spectrum, from new issue to distressed, through its hedge fund vehicle, drawdown dislocation funds, CLOs, CDOs, and upcoming private credit platform.
Diameter Capital Partners LP Diameter founded in 2017, is a New York-based alternative asset management focused on global credit markets. To seek favorable opportunities across the cycle, the business combines fundamental research and trading. Diameter is a registered investment adviser with the Securities and Exchange Commission in the United States.