INSIGHTS

By Patricia Kuo – Sept. 12 (Bloomberg) — PDC Opportunities IV raised ~33%

Sept. 12 (Bloomberg) — PDC Opportunities IV raised ~33% more than target of $150m at final close, according to managing partner and co-founder Chandrajit Chakraborty.

  • Fund drew investors including private equity firms, family offices, institutions
  • Fund targets annual return 22%-24%
  • NOTE: Fund to invest in U.S., European CLOs; can also invest in first-loss tranche of CLO warehousing facilities
  • NOTE: Fund to return capital to investors after 5 years

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