Taconic Launches New Credit Fund

The firm is also planning to launch another European credit-focused fund later in the year.

Frank Brosens, co-founder of hedge fund Taconic Capital Advisors. (Simon Dawson/Bloomberg)

Frank Brosens, co-founder of hedge fund Taconic Capital Advisors.

(Simon Dawson/Bloomberg)

Taconic Capital Advisors launched a new credit-focused, private equity-style fund on July 15 in an attempt to take advantage of opportunities presented by the global pandemic.

The investment firm received $335 million in commitments for Taconic Market Dislocation Onshore Fund III and an offshore equivalent, which will focus on credit opportunities such as corporate credit and structured credit in North America, according to a person familiar with the launch.

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