Lots of news today to be posted on buyoutsnews.com. One is that CarVal Investors LLC, the distressed investment arm of conglomerate Cargill Inc., is preparing to close on $5 billion for its first distressed fund accepting capital from outside investors, according to an LP in the fund. Cargill will be plowing 40 percent of its own capital into the fund, leaving about $3 billion to be raised from outside investors, said the LP.
Meanwhile, Jordan Co. is back in the market and will likely raise around $3.5 billion for The Resolute Fund II. It’s now using Credit Suisse as placement agent, instead of Atlantic Pacific. This and more on buyoutsnews.com….