MHR to Seek $2.75 Billion for Next Distressed Fund
MHR Fund Management LLC, cofounded by Mark Rachesky, expects to seek $2.75 billion for its next distressed debt and equity private-equity fund, according to three people familiar with the situation.
MHR Institutional Partners IV LP, which is expected to officially begin marketing in the first quarter, will take controlling positions in undervalued midmarket companies. UBS AG is the placement agent.
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