CarVal Investors Raises $3.6 Billion Credit Fund

Schulte represented CarVal Investors in raising $3.6 billion for CVI Credit Value Fund V (CVF V), exceeding its original hard cap size by 20%. CVF V is focused on identifying distressed and credit intensive assets within its core strategies of loan portfolios, corporate securities, structured credit and hard assets. CarVal Investors is an established global alternative investment manager focused on distressed and credit-intensive assets and market inefficiencies with approximately $10 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets.

The Schulte team advising CarVal was led by investment management partner David Nissenbaum. The team also included investment management regulatory and compliance partner Anna Maleva-Otto; investment management special counsel Shawn McCune, associates Alexis Marion and Grace Willingham and former associate Bojun Xu and law clerk Shelby Anderson; tax partners David Griffel, Philippe Benedict, Nick Fagge, special counsel Christine Harlow, associate Olesia Zakon and law clerk Jacob Gach; and employment and employee benefits partner David Cohen.