Contact:
Ann Folkman, CarVal Investors, +1-952-984-3919, ann.folkman@carval.com
CarVal Investors, LLC announces closing of CVI Global Value Fund
MINNEAPOLIS – CarVal Investors, LLC (formerly Cargill Value Investment) announced today the closing of CVI Global Value Fund, a fund formed to invest in loan portfolios, corporate securities, real estate and special opportunities. Subscriptions accepted by CVI Global Value Fund totaled $5.75 billion.
CVI Global Value Fund is structured as a dual-class partnership and has more than 75 institutional investors, including Cargill and a diverse range of public and corporate pension plans, endowments, foundations, family offices and trusts.
Jeffery D. Leu, president and senior partner of CarVal Investors, said, “CarVal Investors received strong investor interest as a result of our 20-year track record and experienced investment professionals. With the closing of our first global fund, our team is positioned across the globe to find appropriate opportunities and put this capital to work.”
Through CVI Global Value Fund, CarVal Investors will invest primarily in:
• Loan portfolios, including sub- and non-performing consumer and commercial loans and receivables;
• Corporate securities, including corporate bonds, bank debt and trade claims;
• Real estate, including commercial, residential, industrial, office, retail and land; and
• Special opportunities, including aviation assets, insurance companies in run-off, media publishing, merchant energy, oil and gas rights and tax credit opportunities.
Placement agent Park Hill Group LLC advised CarVal Investors.