Barclays spinout Glendon targets up to $2 bln for reserve distressed-debt fund

Barclays, Glendon, private equity
  • Glendon targets $2 bln for reserve fund
  • First close expected this month
  • Firm formed in 2013 by Barclays executives
Glendon Capital Management, a Barclays spinout that invests in distressed debt, is raising up to $2 billion for a reserve fund that could be activated in a market downturn, a source with knowledge of the process told Buyouts. Glendon may amass ...DON'T MISS IT! Now in its 10th year, PartnerConnect Midwest is bringing you 300 attendees, over 400 private ExecConnect meetings between LPs and GPs, and three insightful tracks including Buyouts Funds, Buyouts Deals and Co-Investments. REGISTER TODAY!

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