Bardin Hill Opportunistic Credit Fund’s $600 Million Fundraising

Schulte Roth & Zabel LLP advised Bardin Hill Investment Partners LP on the deal.

Bardin Hill Investment Partners LP executed the formation of Bardin Hill Opportunistic Credit Fund LP and its parallel side-car vehicle (“the Fund”) to pursue the firm’s flagship closed-end strategy. The Fund had a final closing in February 2021 with commitments totaling approximately $600 million.

The Fund is focused on credit strategies and identifies and executes on stressed, distressed, process-driven and special situations investments less correlated to global debt and equity markets with a focus on control-oriented opportunities in smaller and medium-sized capital structures. The Fund received significant backing from new institutional investors globally, as well as from existing Bardin Hill clients, and leverages Bardin Hill’s extensive experience investing across multiple market cycles and niche credit strategies to maximize returns for investors while mitigating downside risk.

Bardin Hill is a global investment management firm specializing in credit strategies and event driven equities with approximately $8.4 billion in assets under management.

The Schulte team advising Bardin Hill was led by investment management partners Jason Kaplan (Picture) and Heather Wyckoff. The team also included investment management associates Tracy Rizk and David Weintraub; tax partners Philippe Benedict and David Griffel and tax associates Talia Jaffe and Olesia Zakon; finance & derivatives partner Daniel Oshinsky and finance & derivatives associates Farzaan Ijaz and Theresa Tran; and employment & employee benefits partner David Cohen.

Involved fees earner: Philippe Benedict – Schulte Roth & Zabel; David Cohen – Schulte Roth & Zabel; David Griffel – Schulte Roth & Zabel; Farzaan Ijaz – Schulte Roth & Zabel; Talia Jaffe – Schulte Roth & Zabel; Jason Kaplan – Schulte Roth & Zabel; Daniel Oshinsky – Schulte Roth & Zabel; Tracy Rizk – Schulte Roth & Zabel; Theresa Tran – Schulte Roth & Zabel; David Weintraub – Schulte Roth & Zabel; Heather Wyckoff – Schulte Roth & Zabel; Olesia Zakon – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Bardin Hill Investment Partners;

Author: Martina Bellini