Balbec Capital has sponsored three global credit funds: InSolve Global Credit Fund I (IGCF-I), InSolve Global Credit Fund II (IGCF-II), and InSolve Global Credit Fund III (IGCF-III).
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 outside the United States, while it built out its global infrastructure and developed strategic relationships with local partners in foreign markets.
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.
Balbec Capital closed its third global private credit fund in April 2018 with $727 million of capital commitments – the Firm’s largest fund to date. The Fund is currently invested in 17 countries, predominantly the United States and continental Europe. IGCF-III’s investment period concludes in April 2020.