Tuesday, 6 October 2015
Last updated 50 sec ago
Feb 5 2008 | 11:44am ET
WL Ross & Co. has held a final close at $4 billion for its latest private equity offering, which will make investments in financially distressed companies.
WLR Recovery Fund IV is the first launch by the firm since being acquired by Invesco in October 2006.
“We launched this fund, our largest to date, some months ago in anticipation of the turmoil that is now providing us with a wide range of distressed investment opportunities,” said Wilbur Ross, chairman of his namesake firm. “Invesco’s access to a broad range of investors and the depth of its global infrastructure support were key in allowing us to meet our funding goals.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…