Flexpoint Ford raises $1.1 billion for two new financial services funds
Updated
Updated · The Wall Street Journal · May 7
Flexpoint Ford raises $1.1 billion for two new financial services funds
8 articles · Updated · The Wall Street Journal · May 7
The initial closings cover Asset Opportunity Fund III and Insurance Opportunity Fund I, exceeding the $825 million raised for its 2021 predecessor.
The midmarket private-equity firm said the vehicles target asset-backed credit, media royalties, litigation finance and insurance-linked assets, with the insurance fund co-investing alongside the main strategy.
The fundraising comes as specialty finance funds buck a broader slowdown: first-quarter capital raised for such funds rose 46% to $12.4 billion, while direct-lending fundraising fell 66%, according to S&P Global data.
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