West Face Capital raises $400 mln in first close of private credits fund
Canadian private investment firm West Face Capital has launched a new privately-negotiated credits vehicle called West Face Alternative Credit Fund Group (West Face ACFG). The fund, which is targeted to be capped at $600 million, was initially closed with around $400 million in capital commitments. West Face ACFG will focus on investing in second-lien debt, unsecured debt, mezzanine financing, acquisition financing, and bridge loans. The Toronto-based West Face Capital closed its West Face Long Term Opportunities Fund at $700 million in 2007.
10 January 2014•1 min read
