Oakfield Capital Partners (OCP) has held a first close at £6m for its vehicle Oakfield UK Special Situations Fund, targeting £20m.
Cerberus Capital Management has raised $2.61bn for CIP V, a fund focused on turnarounds and distressed situations, according to reports.
Italian investor Mittel Management has announced the launch of a vehicle seeking turnaround opportunities in Italy, in partnership with Roland Berger Strategy Consultants.
TowerBrook Capital Partners has held a final close for its fourth buyout fund, reaching its $3.5bn hard-cap.
PHD Equity Partners, the private equity arm of Dow Schofield Watts, has backed the management buyout of lending company Davenham Group.
Swedish private equity house EQT has raised €376m for its second credit opportunities fund, according to reports.
The Blackstone Group has raised $834.8m in the IPO of its new closed-ended debt vehicle GSO Strategic Credit Fund.
HIG Capital’s distressed debt and special situations affiliate, Bayside Capital, has hired Ahmed Hamdani and Duncan Priston for its London team.
Partners Group Private Markets Credit Strategies 2012 has held a final close on €375m.
Patron Capital Partners has reached a final close on its fourth fund at €880m.
Orlando Management AG has announced the final close of its latest fund, Special Situation Venture Partners III, on €231m, €31m over target.
UK turnaround investor Endless has closed its latest vehicle on £220m.
Former Austrian federal chancellor Alfred Gusenbauer, entrepreneur and adviser Andreas Frech, M&A Corporate finance specialist Alon Shklarek and lawyer Leopold Specht have launched Cudos Group.
German mid-cap investor Capital Management Partners has closed its CMP German Opportunity Fund II on €175m.
KKR has appointed Mubashir Mukadam as its European head of special situations.
The founders of private equity firm Extremadura Avante have applied to Spain’s Comisión Nacional del Mercado de Valores to approve its creation.
French special situations investor Perceva Capital has raised €150m for its latest fund.
Sherpa Capital has launched a €30m fund specifically designed to support companies undergoing distressed situations.
With the UK economy sliding into recession at the beginning of last year, many expected 2010 to be the year of turnarounds. So far though, the flurry of deals has not materialised. Greg Gille investigates
Alchemy Partners has held a first close at just over £280m on its second fund that is looking to invest in financially distressed European companies.
Better Capital is gearing up to raise a further £65m for its distressed business fund.
Neuberger Berman has raised $197.2m for its closed-ended NB Distressed Debt Investment Fund Limited at a price of $1.00 per ordinary share by means of a placing and offer of subscription for ordinary shares and a bonus issue of subscription shares on...
Morgan Stanley's Global Secondary Opportunities Fund, has raised $585m, exceeding its $500m initial target.