Credit/Special Situations
UK - More funds for distressed debt
The amount of capital raised by private equity for funds investing in distressed debts is to set to top last years record total, according to reports.
CEE - Ashmore launches fifth global special situations fund
Ashmore has launched its latest emerging markets special situations fund, Ashmore Global Special Situations Fund Five.
UK - ICG plans to raise £1bn for new recovery fund
Intermediate Capital Group is planning to raise £1bn for a new recovery fund designed to buy leveraged loans that banks provided for deals and are now selling at a discount to face value.
SPAIN – Nomura launches turnaround fund in Spain
Japanese investment bank Nomura has launched Thesan Capital in Spain, a private equity house specialising in turnarounds.
FRANCE - Vermeer Capital closes distressed fund on EUR 75m
Vermeer Capital has held the first closing of its maiden fund of the same name on EUR 75m. The fund will focus on turnarounds of distressed companies. The closing is shy of the EUR 90m hard cap which the next closing is expected to be near to.
SPAIN – N+1 to launch a EUR 300m special situations fund
It is believed that N+1 could launch Spain’s first special situations fund later this year, targeting EUR 300m.
UK - Endless closes fund on £164m
Endless LLP has reached the first and final close of its new investment vehicle, Endless Fund II, with commitments totalling £164m. This is in excess of the firm’s original target of £120m. The close heralds the establishment of the first institutionally-backed...