Monday, 15 September 2014
Last updated 7 hours ago
Jan 12 2012 | 5:15am ET
Hedge fund Avenue Capital Group's second European distressed debt private equity fund is well on its way to its $2.5 billion capacity.
The firm has raised $2.1 billion for its Europe Special Situations Fund II as of its fourth closing, on Dec. 22, Bloomberg News reports. Avenue said the fund will seek to profit from opportunities stemming from Europe's sovereign debt crisis and from the continent's banks' need to shed some of their huge debt holdings.
The new fund will focus on northern European senior secured debt, equities or other distressed assets, and will be managed by Avenue's London team. It has a five-year term that could be extended to seven, marketing materials show.
Interested parties will have to pony up at least €10 million to invest in the fund.
Avenue's first European distressed p.e. fund launched four years ago with €1 billion and has enjoyed an 18.3% internal rate of return.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?