Monday, 27 February 2017
Last updated 51 min ago
Feb 13 2007 | 3:33pm ET
U.S. turnaround firm TRG is setting up an asset management group dedicated to distressed and sub-performance private equity investments.
The firm plans to use its restructuring expertise on struggling p.e. investments, focusing on acquiring direct p.e. portfolios in the secondary market.
The firm has also won a mandate as investment adviser and fund manager to Raiffesisen Zentralbank’s CEE Private Equity Fund, which is winding down its five direct investments in Poland, Hungary and the Czech Republic.