BlueMountain Summit Opportunities Fund II Closes with $1 Billion in Commitments
The Summit Opportunities Fund II will concentrate on high conviction investments across asset classes including corporate credit and equity, mortgage and asset-backed securities, real estate and private capital. It will focus on positions with excess risk premium associated with lower liquidity and heightened complexity. The fund's broad and flexible investment mandate will allow BlueMountain to pursue opportunities across its global platform and position for continuously evolving markets in both short-term trading and longer-term compounding investments.
This fund closing follows that of the Credit Opportunities Fund I in
"We are encouraged by our investors' enthusiasm for and commitments to Summit Opportunities II," said
The Summit Opportunities Fund II will benefit from BlueMountain's 11-year track record of opportunistic investing as well as its interdisciplinary, multi-asset class investment platform and best-in-class operational and risk infrastructure. The fund will be managed by BlueMountain's CIOs,
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