Chorus Capital has successfully concluded fundraising for Chorus Capital Credit Fund V (the Fund). In connection with this fundraising the firm has raised c. $2.5 billion of capital commitments across parallel vehicles, meeting its target size.
The Fund represents Chorus Capital’s largest commingled investment vehicle to date. Fundraising was concluded in the context of a challenging fundraising environment internationally and the Fund received strong support both from existing limited partners and new investors (who represent c. 60% of capital commitments). This further diversifies Chorus Capital’s institutional investor base including pension funds, insurance companies, sovereign wealth funds and family offices across North America, Europe, the Middle East and Asia.
The Fund is heavily focused on portfolios of large corporate loans from leading European and North American banks, based on our view that risk-sharing transactions on these portfolios offer the most attractive risk-adjusted returns and the greatest amount of downside protection in the asset class.
This successful fundraise, likely the largest dedicated fund in the space, highlights investors’ appetite for the risk-sharing strategy. Chorus Capital is grateful for the support of its investors and the contributions of its staff who have made this possible.
Chorus Capital looks forward to further developing its strong partnerships with banks, helping them optimise their capital allocation, and achieving great results for its investors.