Opportunities in the distressed debt and special situations sector are such that buyout chief Jon Moulton is considering raising another fund to target the space, just eighteen months after raising a previous vehicle.
According to a report in the Financial Times, Moulton, through his private equity firm Alchemy Partners, is considering raising £1bn for distressed opportunities.
His firm closed a £300m fund in March 2007 to target the space.
Distressed debt as an asset class is becoming increasingly attractive to institutional investors amid a belief that opportunities in this area will be abundant in 2009.
Source: Thomson Merger News