### 400 Capital Management Closes Latest Private Credit Fund at $1.39B
Alternative credit asset manager 400 Capital Management LLC (400CM) has successfully closed its latest private credit fund, Asset Based Term Fund IV, at $1.39 billion. Initially targeting $1 billion, the fund was oversubscribed and will focus on credit opportunities in residential real estate, commercial real estate, consumer finance, and specialty finance markets in the U.S. and Europe.
Chris Hentemann, managing partner and CIO at 400CM, highlighted the strong investor interest in ABTF IV, stating that it reflects the firm’s track record in asset-based credit and the diversification benefits that investors value. “As the shifting regulatory environment and rapidly evolving economic landscape continue to drive new opportunities and market dislocations, we remain committed to leveraging our platform and investment expertise to deliver strong risk-adjusted returns through patient capital strategies,” Hentemann said.
Based in New York, 400CM launched the Asset Based Term Funds in 2017 and has introduced a new fund every two years.
*Pictured: 400CM headquarters in Midtown Manhattan.*
