400 Capital Management is an alternative credit manager running asset-based private credit funds. It was founded in 2008, manages approximately $7.3 billion, and has a team of about 76 professionals, with offices at 660 Fifth Avenue in New York and 13 Hanover Square in London. The firm raises capital through closed-end Asset Based Term Funds that give exposure to asset-based private credit. Asset Based Term Fund IV (ABTF IV) reached an oversubscribed final close of $1.39 billion in March 2025 and targets asset-based lending with exposure to residential and commercial real estate. With coverage from several hubs, a dedicated private credit fund series and institutional-scale fundraises, the firm is a source of large-scale asset-based private credit liquidity for sponsors seeking term financing secured by collateral tied to real estate.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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