Stamford Ct, Monday 1st March 2010 - Aladdin Credit Partners (“ACP”), a joint equity venture formed by Co-Founders Luke Gosselin and Victor Russo, and Aladdin Capital Holdings LLC (“Aladdin”) today announces the final closing of its $573,000,000 initial credit opportunities funds, Aladdin Credit Partners I, L.P. and Aladdin Credit Offshore Fund I, L.P (collectively the “Funds”).  The ACP Funds are focused on investing in restructuring related opportunities including rescue financing, debtor-in-possession financing, and plan confirmation financing.

Prior to creating ACP in early 2009, Luke Gosselin was most recently the head of private principal finance at Goldman Sachs & Co. in New York and London while Victor Russo was the former President of CIT Business Credit, an operating subsidiary of CIT Group, Inc. in New York.