Mount Kellett in Market Again With $4B New Fund
By Sabrina Willmer
Mount Kellett Capital Management, founded by two former Goldman Sachs Group Inc. executives, plans to raise a new fund matching the $4 billion gathered in 2012 for its last global special situations vehicle, according to two people familiar with the situation.
Mount Kellett Capital Partners Fund III, which is targeting a first close in the third quarter, will make opportunistic investments across multiple strategies and geographies. The firm has selected Park Hill Group LLC as placement agent.