– Beach Point Capital Management LP closed over $1.25 billion of capital commitments across two funds:
* BPC Opportunities Fund V LP (“Opportunities Fund V”) raised over $750 million
*BPC Real Estate Debt Fund (“BPRED”) raised $545 million
– Investors include a diverse group of global sophisticated institutions such as pensions, insurance companies, family offices, sovereign wealth funds, foundations, and endowments.
– Opportunities Fund V:
* Beach Point’s largest Opportunities Fund since the strategy began in 2010
* Invests flexibly across middle market opportunistic private credit
* Focus on complex businesses, highly structured transactions, and temporary market or company dislocations
* Has invested more than $5 billion in sectors like opportunistic direct lending, capital solutions, asset-backed, and special situations.
– BPRED:
* Beach Point’s first dedicated real estate fund
* Builds on the firm’s history of investing across private and public real estate capital structures
* Employs a flexible, all-weather approach across the U.S. middle market
* Strategy includes originating loans, opportunistically purchasing debt at discounts, and targeting special situations with equity upside
Beach Point Capital Raises Over $1.25 Billion for Opportunistic Private Credit Strategies
– Michael Haynes, Head of Private Credit: “These fund closings demonstrate Beach Point’s continued momentum across private markets and the attractiveness of our agile, value-oriented and creative approach.”
– Andrew Chen, CFA, CAIA, Head of Real Estate Investments, commented on BPRED: “We are excited to be investing from our debut fund under what we believe are especially attractive circumstances. More than $3 billion of CRE loans are expected to mature over the next five years.”
Deployment status:
* BPRED is 56% deployed
* Opportunities Fund V is approximately 50% deployed
* Both funds have active capital deployment and strong pipelines for future investments
