OpenGate hits the market targeting $300 mln for debut


OpenGate Capital, the firm famous for buying TV Guide for $1, is in the market targeting $300 million for its debut fund, according to two people with knowledge of the situation.

OpenGate has been gauging limited partner interest in a fund for months. It isn’t clear when the firm formally began fundraising. Buyouts reported on OpenGate’s talks with potential LPs last year. Alanna Chaffin, a spokeswoman for OpenGate, did not respond ...

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