Ex-Merrill Lynch exec Mark Devonshire receives $74m for distressed fund
mCapital, a special situations fund manager with operations in Europe and Asia, has raised EUR50 million ($74 million) of seed capital from LPs Advanced Capital and IMQubator.
The investment will specifically be housed in the mCapital European & Asian Special Situations Fund, which focuses on small-to-medium-sized distressed targets, with approximately 60% of the fund's corpus...
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