Editor’s note: This story was updated to include Silver Rock Capital Partners’ full name throughout the story.
Silver Rock Capital Partners (SRCP) has closed on $4 billion in investable commitments for its latest Tactical Allocation Strategy, the company’s largest capital raise to date.
The investor mix spans institutions across North America, EMEA, and Asia, including public funds, sovereign wealth funds, endowments and foundations, insurers, corporate plans, family offices, and state and municipal retirement systems, SRCP stated in a press release.
This fundraiser exceeds its 2022 vintage fundraise of $3 billion. The capital is intended for credit-focused deals across all phases of the cycle, including corporate private lending and real asset lending.
"We are seeing a highly attractive opportunity set driven by liquidity mismatches and evolving capital needs across the market," said Vinay Kumar, managing partner & chief investment officer of SRCP. "With significant dry powder and a dynamic, disciplined investment approach, we are well positioned to deploy capital into opportunities where scale, structuring expertise, flexibility, and certainty of execution matter most."
The firm described its approach as relying on multiple sourcing channels and custom deal structuring with business owners and sponsors. The firm also said its leadership team includes professionals with prior experience at Michael Milken's family office and Goldman Sachs' Special Situations Group.
"This results in the ability to provide transformative capital and target opportunities from market dislocation," the firm wrote.
Silver Rock Capital Partners has approximately $7 billion in assets under management as of Dec. 31, 2025, according to regulatory filings. The private equity/private credit firm, founded in 2021, was formed out of Milken's family office.
SRCP is not the only firm looking to capitalize on the private credit dislocation.
Morgan Stanley (NYSE:MS)is prepping the launch of a structured interval fund focused on credit. The North Haven Strategic Credit Fund will be structured as an interval fund and will invest in a “wide spectrum” of credit strategies.
Meanwhile, JPMorgan (NYSE:JPM) also filed with the SEC for its JPMorgan Public and Private Credit Fund, which would allow investors to redeem 7.5% on a quarterly basis.
Blackstone (NYSE:BX) recently closed a $10 billion opportunistic credit fund despite its private credit fund seeing large outflows.
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