Reports suggest that Dubai International Capital (DIC) and distressed debt investor Oaktree have decided not to follow through on the restructuring plans for alumina-maker Almatis, which DIC acquired in 2007.
Gyrus is fundraising for both its open-ended Cortex Fund and closed-ended Principal Fund
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions