Arini Raises $1.5bn for Credit Strategy Amid Fund Losses

Arini Capital Management secured $1.5 billion of new capital for its credit strategy despite heavy losses at the firm’s main hedge fund, a person familiar with the fundraising provided. The firm is based in London.

More than $400 million of the inflows were allocated at the start of October, with the remainder expected to be deployed by February, the person said. The new money was added to Arini’s credit strategy, which had been closed to new investors since 2024 and currently manages about $7.6 billion.

Arini’s flagship hedge fund posted an estimated 5.6% decline in September, bringing its year-to-date loss to roughly 13.5%. Industry data show an average gain of 3.9% through August for a broad group of credit hedge funds, highlighting differences in performance across the sector.

The credit strategy is known for taking concentrated positions and trading corporate debt and related instruments. That approach can produce large swings in returns depending on market moves.

Since launching in 2022 with about $1 billion in assets, Arini has grown rapidly. The firm now manages approximately $21.7 billion across its credit-trading operations. The freshly raised $1.5 billion will supplement the $7.6 billion already under management in the reopened strategy.

The firm plans to deploy the capital over the coming months, using an early tranche already committed and the remaining funds scheduled for deployment by February. Investors provided the allocations while the firm manages performance in its flagship vehicle and scales its credit platform.