Diameter Capital Said To Raise $1B For New Credit Fund

Credit specialist Diameter Capital has reportedly raised approximately $1 billion for a new corporate debt fund. 

The new fund, which would rank as one of the largest hedge fund launches of the year, has started trading and will invest across the credit spectrum including junk bonds, loans and credit-default swaps, according to a Bloomberg article citing unidentified individuals familiar with the matter. 

Diameter was founded by former Anchorage Capital head of credit trading Scott Goodwin and former Centerbridge senior managing director Jonathan Lewinsohn. The new manager also counts former Anandar Capital Management CFO Chris Sullivan as COO and former BlackRock special situations executive Sam Zakria as investment analyst.