Silver Rock secures $4bn for latest private credit strategy

Silver Rock Capital Partners (SRCP) has raised more than $4bn (£2.9bn) for its latest private credit tactical allocation mandate, marking the firm’s largest capital raise for the strategy to date.

The alternative credit asset manager said its latest vintage of the Tactical Allocation Strategy attracted commitments from global institutional investors, including public funds, sovereign wealth funds, insurance companies, family offices, and municipal and state pension systems across North America, Europe, the Middle East and Africa as well as Asia.

Silver Rock added that the fundraise is the largest within its Tactical Allocation Strategy, surpassing its 2022 vintage, which raised $3bn.

“We are seeing a highly attractive opportunity set driven by liquidity mismatches and evolving capital needs across the market,” said Vinay Kumar, managing partner and chief investment officer of SRCP. “With significant dry powder and a dynamic, disciplined investment approach, we are well-positioned to deploy capital into opportunities where scale, structuring expertise, flexibility, and certainty of execution matter most.”

According to Silver Rock, the Tactical Allocation Strategy provides capital across all phases of the credit cycle, spanning corporate private financing and real asset lending. It focuses on senior, asset-backed or structurally protected investments in large businesses, typically with approximately $150m in EBITDA.

The firm manages approximately $7bn in assets under management and was founded by the financier Michael Milken’s family office.

“Global credit markets provide unprecedented opportunities, and we are grateful for the continued support from our valued longstanding and new limited partners,” said Andrea Bollyky, partner and president of SRCP. “This milestone reflects the strength of our trusted relationships and our shared focus on delivering flexible capital solutions in complex environments.”