Sunday, 2 August 2015
Last updated 1 day ago
May 16 2008 | 11:03am ET
Drum Capital Management, a $1.1 billion private equity fund of funds shop, is launching a $500 million fund to invest in the credit and turnaround space.
Special Situation Partners III will debut next month, taking over where Special Situations II, which is 86% invested, left off, according to US Financial News.
In an interview, CEO Scott Vollmer, the dislocation sparked by the credit crunch has caught out numerous companies in the aftermath of excessive leveraged buyout markets.
Vollmer founded Drum Capital in April 2005.
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…