Debevoise & Plimpton LLP has advised Glendon Capital Management LP in connection with the formation of its latest credit opportunities and special situations fund, Glendon Opportunities Fund II, L.P. The fund successfully closed with final commitments reaching the hard cap of $2.5 billion.

Glendon’s limited partners are comprised of some of the largest and most respected domestic and international institutional investors from various sectors including public and private pension funds, financial institutions, foundations and endowments.

Launched in 2013 and headquartered in Los Angeles, CA, Glendon Capital Management LP is an independent, private investment firm focused on dislocated or distressed opportunities and special situations worldwide.

The Debevoise team included partners Erica Berthou and Rafael Kariyev; counsel Katrina S. Rowe; and associates Alisa A. Waxman, Luke P. Eldridge and Norma Angelica Freeland.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.