LibreMax Capital, an asset management firm specializing in structured products and corporate credit, announced the successful closing of its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, LP, with total capital commitments of approximately $225 million.

The Structured Opportunities Fund will target investments that have unconventional asset pools or are created in less liquid forms. The Fund will focus primarily on private asset-backed securities across the consumer, residential and commercial credit sectors.

Greg Lippmann, Chief Investment Officer of LibreMax, said, “In today’s environment, we believe private lending affords an attractive opportunity to generate uncorrelated returns. Leveraging our market relationships, asset expertise and proprietary technological infrastructure, LibreMax is uniquely positioned to provide bespoke capital solutions to help companies fund future growth or meet liquidity needs in a post-COVID world. The Structured Opportunities Fund complements and extends our growing franchise of credit products, and we are grateful for the support of our limited partners.”

Since 2012, LibreMax has managed four drawdown vehicles totaling over $1.4 billion in committed capital as part of its diversified platform of alternative and long-only strategies. LibreMax also offers collateralized loan obligation management through its Trimaran Advisors, LLC subsidiary.

Founded in 2010, LibreMax Capital, LLC is a New York-based asset management firm specializing in structured products and corporate credit with $8.5 billion of assets under management.