Jun
15

Milken’s Former Manager Raises $500 Million for New Credit Fund

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1466020345_Michale-Milken

Michael Milken.

Photographer: Patrick T. Fallon/Bloomberg
  • Carl Meyer formed Silver Rock Financial LP to manage new fund
  • Milken said to contribute several hundred million in seed cash

The former head of Michael Milken’s family office raised more than $500 million in less than a month for a new hedge fund that will target high-yield bonds and distressed debt.

The Silver Rock Onshore Opportunistic Credit Fund is part of an effort by Carl Meyer, the ex-chief investment officer for the Milken family office, to start his own money-management firm. Meyer’s new firm, Silver Rock Financial LP, registered as an investment adviser with the U.S. Securities and Exchange Commission in March…

Milken’s Former Manager Raises $500 Million for New Credit Fund

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