American Securities affiliate Ascribe sets $1.25 bln target for Fund IV

Jordan Co, Jay Jordan, private equity
Hands are silhouetted against a backdrop projected with the picture of various currencies of money in this illustration taken April 4, 2016. REUTERS/Kacper Pempel/Illustration TPX IMAGES OF THE DAY - RTSDIYI
Ascribe Capital set a $1.25 billion target for investments in distressed middle market companies, according to documents obtained by Buyouts. Ascribe, an affiliate of American Securities, will use its fourth flagship fund to acquire stakes in the debt of 30 ...

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