Beach Point Capital Management, a diversified alternative asset manager, announced the close of over $1.25 billion of capital commitments across both BPC Opportunities Fund V LP (the "Opportunities Fund V") and BPC Real Estate Debt Fund ("BPRED"), which raised over $750 million and $545 million of investable capital, respectively. The investors in both funds represent a wide range of sophisticated global institutions including pensions, insurance companies, family offices, sovereign wealth funds, foundations and endowments, among others.

Opportunities Fund V is Beach Point's largest Opportunities Fund since the strategy was established in 2010 to flexibly invest across the full range of middle market opportunistic private credit, including investing in complex businesses, highly structured transactions and temporary market or company dislocations. Since then, Beach Point has nimbly and successfully invested more than $5 billion through this strategy in sectors including opportunistic direct lending, capital solutions, asset-backed and special situations.

BPRED is Beach Point's first dedicated real estate fund, building on the firm's strong history of investing across private and public real estate capital structures in its diversified funds, and pursues a flexible, all-weather approach to investing across the United States' middle market. The fund's strategy spans directly across originating loans, seeking to opportunistically purchase debt at compelling discounts to intrinsic value, and special situations that may provide additional equity upside.

Michael Haynes, Head of Private Credit at Beach Point, said: "These fund closings demonstrate Beach Point's continued momentum across private markets and the attractiveness of our agile, value-oriented and creative approach. In our view, by leveraging our broad networks, experience investing across performing and distressed credit, and in-house legal and structuring expertise, we are well positioned to continue locating, unlocking and creating value on behalf of our investors. We appreciate the trust and support of our valued investors and look forward to the continued growth and evolution of our private markets platform."

Commenting on the Opportunities Fund V closing, Haynes continued: "We are confident the fund's flexible mandate and Beach Point's wide range of expertise, capabilities and relationships position us to deliver attractive and differentiated outcomes for investors against any macroeconomic backdrop. By casting a wide net across sponsored and non-sponsored transactions in all sectors—and having the ability to evaluate, structure and execute complex and varied investments—we can pivot quickly to the most attractive relative value opportunities in the market as they arise and look forward to continuing to do so on behalf of our valued investors."

Beach Point's Head of Real Estate Investments, Andrew Chen, commented on the BPRED closing: "We are excited to be investing from our debut fund under what we believe are especially attractive circumstances. More than $3 billion of CRE loans are expected to mature over the next five years, which combined with an uncertain macroeconomic backdrop, higher rates and reduced capital availability from traditional lenders, is driving increased demand for bespoke private solutions. Additionally, we believe Beach Point is well positioned in this environment thanks to our lack of legacy issues and ability to underwrite and structure complex investments across asset and loan types."

Both funds have been actively deploying capital across a wide range of transactions and have robust pipelines of future investment opportunities with BPRED 56% deployed and Opportunities Fund V approximately 50% deployed.