Candlewood Investment Group, the $840 million credit shop that spun out of Credit Suisse’s asset management division last fall, has launched a second fund. The Candlewood Structured Credit Fund, which opened to new investors this month, is comanaged by Gregory Richter and Brian Herr. Richter was a structured credit advisor for the Credit Investment Group in Credit Suisse’s asset management division, and before that, he headed Credit Suisse’s Specialty Finance Group. Herr was a structured credit portfolio manager within Credit Suisse’s Credit Investment Group. Both have been working at Candlewood since the firm spun out of Credit Suisse. Candlewood Investment Group also runs the Candlewood Special Situations Fund.
