GoldenTree Announces Closing of Oversubscribed Tactical Opportunities Fund

• GoldenTree’s Tactical Opportunities Fund, Series I, was oversubscribed at hard cap of $3 billion
• GoldenTree’s Tactical Opportunities Fund is delivering a net IRR of ~20%

NEW YORK--(BUSINESS WIRE)--GoldenTree Asset Management (“GoldenTree”), a global asset management firm with approximately $70 billion in assets under management, today announced the closing of its Tactical Opportunities Fund (the “Fund”). The Fund is oversubscribed at its hard cap of $3 billion commitments for Series I of the firm’s Tactical Opportunities Fund, reflecting strong demand from a global investor base that includes public and corporate pensions, sovereign funds, foundations, insurance companies, family offices and RIAs across the US, Europe, Asia and the Middle East. GoldenTree’s partners and employees committed over $120 million to the Fund – the largest commitment to a closed end fund in the Firm’s history – demonstrating the firm’s high conviction in the strategy and strong alignment with investors.

The Fund, which is offered in an evergreen format, is designed to capture opportunities across asset classes while allowing for greater allocation to private assets such as private credit, structured credit, and distressed which have historically delivered excess returns for GoldenTree investors. The Fund is already capitalizing on multiple themes across asset classes, having drawn close to 45% of commitments and delivering a net IRR of around 20%.

Steve Tananbaum, GoldenTree’s Founder, Managing Partner, and Chief Investment Officer said, “GoldenTree has always been a multi-asset firm, investing across public and private corporate credit, performing and distressed situations, and structured and sovereign debt. The Tactical Opportunities Fund’s flexible mandate enables GoldenTree to capture these opportunities in a single strategy, with an evergreen structure that is efficient for investors and further enhances returns compared to a traditional drawdown vehicle. The Fund is off to a terrific start in terms of deployment and returns and we made the Firm’s largest ever commitment of capital alongside our investors, ensuring strong alignment.”

Lee Kruter, Partner and Head of Performing Credit, noted, “We have a multi-decade track record as a solution provider to issuers in our private credit business. In times of increased market uncertainty, our platform becomes even more valuable. We provide tailored solutions for issuers that solve needs that neither traditional public markets nor fund vehicles geared toward retail investors can meet. The private credit investments in our Tactical Opportunities Fund, have on average double-digit unlevered yields with conservative LTVs of 40%, illustrating the attractive opportunities we are capturing for investors in the strategy.

Kathy Sutherland, Partner and CEO, noted, “The Fund’s oversubscription reflects the confidence our clients place in GoldenTree and our proven ability to drive differentiated returns in multi-asset strategies. The innovative fund design enhances investor flexibility while positioning GoldenTree to capture attractive opportunities across market conditions. This approach is consistent with our history of innovation across strategies such as our GLM program and multi-sector offerings.”

About GoldenTree

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, private equity, and credit-themed equities. GoldenTree was founded in 2000 by Steven Tananbaum and is one of the largest independent global credit asset managers. GoldenTree manages approximately $70 billion, with its institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has over 320 employees, with offices in New York, West Palm Beach, Charlotte, Dallas, Newport Beach, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.