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Milken’s Former Manager Raises $500 Million for New Credit Fund

By Tony Seruga

1466020345_Michale-Milken

Michael Milken.

Photographer: Patrick T. Fallon/Bloomberg

Carl Meyer formed Silver Rock Financial LP to manage new fund
Milken said to contribute several hundred million in seed cash

The former head of Michael Milken’s family office raised more than $500 million in less than a month for a new hedge fund that will target high-yield bonds and distressed debt.

The Silver Rock Onshore Opportunistic Credit Fund is part of an effort by Carl Meyer, the ex-chief investment officer for the Milken family office, to start his own money-management firm. Meyer’s new firm, Silver Rock Financial LP, registered as an investment adviser with the U.S. Securities and Exchange Commission in March…

Milken’s Former Manager Raises $500 Million for New Credit Fund

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