PRESS RELEASEThe D. E. Shaw Group Raises $1 Billion
for Fifth Private Credit FundFirm Concludes Fundraising for Alkali Fund V, a Private Vehicle Expected to Target Structuredand Opportunistic Credit Investments
New York, April 6, 2021— The D. E. Shaw group, a global investment and technology development firm,announced today that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund V (Alkali V), a privatevehicle that is expected to primarily target stressed and distressed assets, financings, and special situations
opportunities, generally with investment horizons of up to five years. The firm’s entities, principals, and employees
contributed more than $100 million of the total, while external investors that had invested in a previous Alkali
vintage contributed more than $450 million.
With its first fund launched in 2012, the Alkali series is a family of closed-end capital-call funds established toextend the reach of the firm’s credit-oriented activities by pursuing investments in attractive, longer-horizon
opportunities. This closing brings aggregate commitments across the Alkali series to approximately $2.9 billion.
Alkali V is overseen by co-portfolio managers Rich McKinney and Marianna Fassinotti. Mr. McKinney, a New Yorkbased managing director with more than 30 years of experience, oversees the firm’s Asset-Backed Strategies (ABS),
Corporate Credit, and Convertible Arbitrage investment units, which collectively consist of approximately 95
investment, research, and technology professionals operating from offices in New York, London, Hong Kong, andHyderabad. Ms. Fassinotti is a London-based managing director on the ABS team with 20 years of experience.
“We believe our deep experience in structured and corporate credit situates us well to navigate these markets inthe face of changing supply/demand dynamics and heightened fundamental risk,” said Mr. McKinney. “Ourflexible capital base, including from the Alkali series, enables us to pursue opportunities that require an extended
time horizon to realize their intrinsic value.”“The current landscape offers opportunities that align particularly well with our agile, data- and technologyenabled investment approach,” said Ms. Fassinotti. “We are immensely grateful for the strong support shown byboth new and repeat investors, especially given the backdrop of the past year.”
About the D. E. Shaw group
The D. E. Shaw group is a global investment and technology development firm with more than $55 billion in
investment capital as of March 1, 2021, and offices in North America, Europe, and Asia. Since our founding in
1988, we have earned a reputation for successful investing based on innovation, careful risk management, and thequality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide
range of companies and financial instruments in both developed and developing economies.
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Please also note that this press release has not been updated since its dateline for any information contained in it that may
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expectations, and/or goals expressed or implied in this release were or will be realized or that the activities or any performancedescribed herein have continued or will continue at all or in the same manner as described in this press release.