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Angelo Gordon Targets $700 Million

Angelo Gordon & Co. is planning to raise $900 million for its fourth turnaround fund. The main vehicle will be targeted at $700 million, with a $200 million reserve fund raised for deals in excess of $75 million. In other Angelo Gordon news, the firm has hired Jeff Fienberg as a managing director and Harish Nataraj as a senior associate. Feinberg previously was a managing director with Alvarez & Marsal, while Nataraj was with Kohlberg & Co.