Point72 is preparing to raise at least $1 billion for a new private…

Team S · 2025-11-11T08:47:46.000Z

Billionaire Steve Cohen’s Point72 Asset Management is expanding beyond its traditional focus on liquid markets, initiating early talks with investors to launch a private credit fund in 2026. According to people familiar, the firm aims to raise at least $1 billion from external investors, bolstering its $41.5 billion investment platform. The move aligns with a broader industry shift as hedge funds and asset managers deepen exposure to the private credit boom amid demand for non-bank lending. The story underscores Point72’s strategic diversification and timing as major players defend the asset class’s performance while corporates increasingly tap private lenders.

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Point72 is preparing to raise at least $1 billion for a new private… | Newnex