SSG Capital Management raises $2.5bn

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SSG Capital Management has raised $1.7 billion to date for its SSG Capital Partner IV, surpassing its original target of $1.25 billion.

The fund’s predecessor closed at $915 million in 2014.

The fund will target distressed debt in a diverse number of sectors in Asia-Pacific.

The firm also raised $800 million to date for its SSG Secured Lending Opportunities II. The fund will target senior debt in a diverse number of sectors in Asia-Pacific.