mCapital goes on the hunt for distressed assets
MCAPITAL, THE NEWLY LAUNCHED FIRM led by former Merrill Lynch executive Mark Devonshire, has completed the $74 million first close of its mCapital European & Asian Special Situations Fund, coming more than two years after its fundraising process began.
The vehicle will target distressed and special situation assets in both Asia and Europe, with its preliminary focus largely on Asia, Devonshire told AVCJ. This mandate may shift following subsequent funding...
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