Staff
West Face Capital has launched the West Face Alternative Credit Fund Group, designed to invest primarily in privately negotiated credits.
It launched with approximately $400 million in commitments in its first close and will be capped at approximately $600 million.
The fund’s mandate includes investing in second-lien debt, unsecured debt, mezzanine financing, acquisition financing and bridge loans.
“The West Face Alternative Credit Fund Group allows us to address longer-dated illiquid investment opportunities,” says Tom Dea, a partner at West Face Capital.
Toronto-based West Face is an institutional investor with more than $2 billion in assets under management.
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