Wednesday, 27 May 2015
Last updated 7 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…