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HRJ Closes Distressed Fund-of-Funds

HRJ Capital has raised $195 million for its first distressed opportunities fund-of-funds. The fund is already fully committed.



HRJ Capital announced today the final closing of HRJ Special Opportunities Fund I, L.P. with USD 195 million of commitments from a diverse group of investors including endowments, foundations, pension plans, family offices, investment advisors and select high net worth individuals. A significant portion of the investor base is located outside the U.S., including the countries of Germany, the United Kingdom and France.

The Fund is currently fully committed with a diversified portfolio of U.S. and international private equity funds focused on distressed debt, restructuring, turnarounds and special situations.

Duran Curis, Managing Director, who oversees the Special Opportunities Investment portfolio, said: “We have built a global portfolio with commitments to managers that specialize in distressed/turnaround situations. We believe that they are now investing capital in a very attractive investment environment.”

HRJ Capital is an alternative investment firm with USD 2.3 billion in assets under management that specializes in creating unique alternative fund of fund investment opportunities across the venture capital, buyouts, real estate and hedge sectors.

HRJ Capital has 55 employees and offices in San Francisco, Chicago, New York, Z