NEW YORK, Feb. 11, 2015 /PRNewswire/ -- Stabilis Capital Management, LP, a New York-based investment firm, closed its fourth Fund with $540 million in commitments. Stabilis Fund IV had targeted $500 million but was oversubscribed due to strong investor demand. The closing of Fund IV brings the total capital raised by the firm to approximately $1.2 billion since its inception in September 2010.
Stabilis Fund IV will invest in credit obligations that are secured by hard assets, including real estate or other collateral, as well as other opportunistic purchases. The primary focus of the Fund will remain on U.S.-based investments, although a portion of the Fund may be invested in non-U.S.-based assets.
"We appreciate the continued support of our investors, and the response to this capital raise has been extremely encouraging," said Managing Principal Salman Khan. "Our goal is to provide superior risk-adjusted returns and downside protection, and we believe we can extend our record of success with previous Funds."
About Stabilis Capital Management
Founded by Salman Khan in 2010, Stabilis specializes in asset oriented distressed debt and other unique special situations, primarily in the United States. Stabilis has completed hundreds of transactions with various sellers, including regional, community and money-center banks, CMBS lenders and special servicers, and direct lending to borrowers. Mr. Khan was formerly the head of the commercial and industrial loans group at Silver Point Capital LP, and prior to that, spent 12 years at Goldman Sachs in various leadership roles, investing firm capital in similar asset classes.
TRB Advisors LP (TRB) has been an investor and strategic partner of Stabilis since its founding. TRB is the family office of Timothy Barakett and Mr. Barakett serves as the non-executive Chairman and Co-Founder of Stabilis with Mr. Khan. Prior to forming TRB, Mr. Barakett was the Founder, Chairman and CEO of Atticus Capital LP, a global investment management firm.
Andrew Moesel, 1-212-445-8403, email@example.com
SOURCE Stabilis Capital Management, LP