Aladdin Launches Debtor-In-Possession Lending Hedge Fund

Feb 11 2009 | 2:38am ET

Aladdin Capital Holdings has launched a hedge fund designed to take advantage of higher interest rates being charged by the shrinking debtor-in-possession industry.

The Stamford, Conn.-based firm’s DIP fund will be run by Victor Russo, formerly of CIT Group, and Luke Gosselin, formerly of Goldman Sachs. The firm said the financial crisis has forced many traditional DIP lenders, notably General Electric, to reduce their lending or cut off the flow of funding entirely.

“This provides a tremendous opportunity to capture meaningful market share,” Neal Neilinger, Aladdin’s chief investment officer, said in a statement. “The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities.”


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of