GoldenTree raises fifth distressed debt fund with evergreen feature and Q4 first close target

GoldenTree Distressed Fund V is targeting a first close in the fourth quarter, with commitments of $100 million from Louisiana State Employees’ Retirement System and $40 million from Boston Retirement System, Dakota Private Markets said.

The vehicle follows GoldenTree Distressed Fund IV’s $3 billion hard-cap close in 2022 and introduces an evergreen feature allowing investors to extend their commitment for an additional four years. Dakota said GoldenTree reports net IRRs of 22% for Fund III and 19% for Fund IV.

Source: Dakota Private Markets.

Source statements are attributed; this is not investment advice.