Arini Capital Management sells $800 million in debt amid losses

Arini Capital Management, an investment firm managing $22 billion in assets, sold approximately $800 million in debt holdings over several weeks in October 2026. The sales were reportedly driven by the need to meet margin calls from banks following significant losses.

The firm’s $7 billion flagship fund had lost more than 20% during 2026 by mid-October. These losses were linked to investments in distressed telecommunications companies. Founded in 2021 by Hamza Lemssouguer, the firm’s strategy focused on distressed debt, specifically bonds from financially troubled companies.

While the company reported $22 billion in assets under management as of August 31, these assets are distributed across various strategies rather than being liquid cash available to support a single struggling portfolio.