Millennium Hands Balkan’s Credit Fund More Money in Private Push

Izzy Englander’s Millennium Management is handing credit hedge fund FourSixThree even more investing firepower after first backing it with $1 billion last year — the latest step in the multistrategy firm’s push to tap external funds to help manage its cash.

Millennium made its initial investment in FourSixThree’s main hedge fund strategy, but its new $250 million infusion will go into a separate sleeve that’s dedicated to less-liquid credit investments, according to people familiar with the matter.