Peter Thiel-Backed Tacora Raises $685 Million For Oversubscribed Fund II With Bold Private Credit Play

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Peter Thiel-backed Tacora Capital Management has successfully raised $685 million for its Fund II, surpassing the initial target of $500 million. This achievement is a testament to the firm’s unique asset-based private credit strategy.

What Happened: Tacora Capital Fund II was significantly oversubscribed, with demand exceeding capacity by hundreds of millions, according to a press release on Wednesday.