Gordon Brothers Unit Plans Second Debt Fund

Jun 21 2012 | 12:17pm ET

GB Merchant Partners is gearing up to launch its second debt fund.

GB, the investment division of Boston-based Gordon Brothers, hopes to raise $500 million for its 1903 Debt Fund 2, Hedge Fund Alert reports. Like its predecessor, the new vehicle will invest exclusively in junior secured loans of between $10 million and $50 million to mid-sized companies. It will also be able to buy on the secondary market.

If GB hits its fundraising target, 1903 2 will be nearly three times the size of its first debt fund, which closed in 2006. GB also manages $485 million in a stock fund, the 1903 Equity Fund.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note