Sculptor Exceeds Targets with $900M Raise for Credit Fund

Funding | Apr 17, 2025 | Sculptor Capital Management In

Sculptor Exceeds Targets with $900M Raise for Credit Fund

Sculptor Capital Management, a prominent global alternative asset manager, has successfully closed its Sculptor Tactical Credit Fund (STAX) at nearly $900 million in assets under management, surpassing its target. The STAX fund is a private credit fund that aims to provide bespoke capital solutions across corporate, asset-based, and real estate credit markets. This achievement is bolstered by a strong investor base that includes both new and existing global institutional investors. The launch of STAX reflects Sculptor's expertise in opportunistic private credit investments, leveraging its $23 billion global credit strategies. The firm's strategy is driven by the rising interest rates and the complexities of the market, creating an environment suitable for addressing liquidity needs through tailor-made capital solutions. Sculptor, with a total of $34 billion in assets under management by the end of 2024, continues to expand its influence in global credit markets.

Sectors

  • Private Equity
  • Alternative Investments
  • Credit Markets

Geography

  • United States – Sculptor Capital Management is headquartered in New York, indicating its significant presence in the U.S. market.
  • Global – The article mentions a diverse base of institutional investors globally, highlighting Sculptor’s international operations.

Industry

  • Private Equity – The article discusses the fundraising activities of Sculptor, a key player in the Private Equity sector, particularly focusing on their credit fund management.
  • Alternative Investments – Sculptor Capital Management is an alternative asset manager, indicating its involvement in non-traditional assets and investment strategies like private credit.
  • Credit Markets – The article details activities related to Sculptor's STAX fund, which operates in credit markets, including corporate, asset-based, and real estate sectors.

Financials

  • $900 million – The total assets under management for the newly closed Sculptor Tactical Credit Fund (STAX).
  • $34 billion – The total assets under management by Sculptor Capital Management as of December 31, 2024.

Participants

NameRoleTypeDescription
Sculptor Capital Management, Inc.Private Equity FirmCompanySculptor is a leading global alternative asset manager specializing in opportunistic investing, with over $34 billion in assets under management.
Jimmy LevinCIO and Executive Managing PartnerPersonJimmy Levin is the Chief Investment Officer and Executive Managing Partner at Sculptor Capital Management, playing a pivotal role in the firm's strategic direction.