Akin Gump Advises Crayhill Capital Management in Closing of $820 Million Second Principal Strategies Fund
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(New York) – Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, has announced the final close of Crayhill Principal Strategies Fund II with approximately $820 million of capital commitments. A team from Akin Gump advised Crayhill in the transaction.
Principal Strategies II closed at its hard cap with support from a diversified base of existing and new institutional investors, including public and corporate pension plans, insurance companies, foundations, and endowments. In total, Crayhill’s discretionary assets under management now exceed $1.6 billion.
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The Akin Gump team advising Crayhill was led by investment management partner Jonathan Ross. He was joined by fellow investment management partner Blayne Grady; tax partners Josh Williams and David Snyder; and associates Ashley Garcia and Richard Swanson.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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