Silver Point Capital, L.P. Closes $552 Million Specialty Credit Fund

GREENWICH, Conn., Jan. 23, 2017 /PRNewswire/ -- Silver Point Capital, L.P. ("Silver Point" or the "Firm") has announced the final closing of the Silver Point Specialty Credit Fund (the "Specialty Credit Fund" or the "Fund") at $552 million in committed capital, exceeding the Firm's stated target of $400 million-$500 million. 

The Specialty Credit Fund will pursue a senior secured lending strategy, focused on small- and middle-market and special situations lending. The Fund will seek to leverage Silver Point's long-standing experience investing in self-originated and secondary secured debt, broad sourcing platform, deep credit analysis, underwriting skills, and active approach to asset management in order to capitalize on the opportunity.  With the leverage permitted by the Fund, in addition to other capital committed to the strategy, Silver Point expects to have more than $1 billion in capital to deploy into the strategy.

About Silver Point Capital Silver Point Capital, L.P. is a registered investment adviser focused on credit and special situations investments. Founded in 2002 by Edward A. Mulé and Robert J. O'Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to take advantage of the natural inefficiencies that may persist in the credit markets throughout a credit cycle. The Firm employs a deeply analytical, fundamentally driven bottom-up approach to investing and invests across a variety of industries, geographies and capital structures.  Silver Point takes a very active role in driving investment processes, including restructurings, liquidations and other event-oriented situations, and provides capital through small- and middle-market lending and rescue financings.  Today, Silver Point has more than 150 employees and manages approximately $9.0 billion on behalf of a diverse, global investor base. The Firm is based in Greenwich, Connecticut.

Contact: Adam Weiner of KEKST (212) 521-4800

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SOURCE Silver Point Capital, L.P.