Summary
LONDON (HedgeWorld.com) - U.K.-based Fauchier Partners, a fund of funds manager that invests around $4.5 billion, is to launch a special-situations fund of funds, Financial News reported. According to the information provider, the firm has identified special- situation funds as a potential source of investment opportunities with similar characteristics as private equity, including a similar return profile.
The launch has not been officially confirmed by Fauchier, although a recent investor update confirmed that the fund will shortly be opening to subscriptions. Marketing efforts have not yet begun in earnest, though they are likely to commence in the very near future. Among the funds targeted by the new fund of funds will be those specializing in bridge loans, PIPEs, convertible bonds and distressed debt.See the full content of this document
Extract
Fauchier May Be Planning Fof Launch
A person close to the firm said the new fund...
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