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