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Third Point, founded by Dan Loeb, will launch a BDC fund amid concerns over credit defaults
Dan Loeb’s Third Point plans to launch a private credit loan fund of funds in April. On February 24, Loeb announced at an alternative investment conference in Miami Beach, USA, that his asset management firm will launch a Business Development Company (BDC) on April 2. Previously, Third Point had launched an insurance solutions fund, which closed last summer with $400 million.