Balbec Capital has sponsored five global credit funds: InSolve Global Credit Fund I (IGCF-I), InSolve Global Credit Fund II (IGCF-II), InSolve Global Credit Fund III (IGCF-III), InSolve Global Credit Fund IV (IGCF-IV), and InSolve Global Credit Fund V (IGCF-V). Balbec also manages other vehicles with approximately a billion in aggregated commitments.
$4.2B+
To date, Balbec has raised over $4.2 billion for its flagship strategies.
$1B+
Co-investment vehicles, targeted funds, and separately managed accounts
$1.52B
Closed: July 2022
Status: Investing
$1.19B
Closed: May 2020
Status: Harvesting
$727M
Closed: April 2018
Status: Harvesting
$629M
Closed: July 2015
Status: Harvesting
$143M
Closed: June 2012
Status: Harvested
IGCF-V • InSolve Global Credit Fund V
Balbec Capital closed its fifth global private credit fund in July 2022 with $1.52 billion of capital commitments – the Firm’s largest fund to date. The Fund is currently invested in 6 countries, predominantly the United States and the United Kingdom. IGCF-V’s investment period concludes in July 2024.
IGCF-IV • InSolve Global Credit Fund IV
Balbec Capital closed its fourth global private credit fund in May 2020 with $1.19 billion of capital commitments. The Fund is currently invested in 13 countries, predominantly the United States, Australia and continental Europe. IGCF-IV’s investment period concluded in May 2022.
IGCF-III • InSolve Global Credit Fund III
Balbec Capital closed its third global private credit fund in April 2018 with $727 million of capital commitments. The Fund is invested in 17 countries, predominantly the United States and continental Europe. IGCF-III’s investment period concluded in April 2020.
IGCF-II • InSolve Global Credit Fund II
Balbec Capital closed its second global private credit fund in July 2015 with $629 million of capital commitments. The Fund invested in five new countries outside the United States, bringing the total to 12. Targeted geographies predominantly included the United States, United Kingdom and continental Europe, and a major theme centered around increased deployment in insolvency assets secured by hard asset collateral, such as first-lien mortgages in the United States.
IGCF-I • InSolve Global Credit Fund I
Balbec Capital closed its first global private credit fund in June 2012 with $143 million of capital commitments. IGCF-I deployed capital in seven countries, while it built out its global infrastructure and developed strategic relationships with local partners in foreign markets.