Feb
14
Paulson Plans $1.5 Billion Private Equity Fund for Troubled Debt
By
John Paulson.
Photographer: Scott Eells/Bloomberg
-
Manager says investors may double their money over 6 years
-
Firm assets shrank to $16.1 billion after lackluster returns
John Paulson is diving back into troubled debt.
Paulson & Co., which made $15 billion betting against subprime mortgage bonds, is seeking to raise $1.5 billion for a private equity fund that will invest in companies going through bankruptcy, restructurings and in need of rescue financing, according to documents obtained by Bloomberg. The hedge fund manager is wagering that dislocations in credit markets, particularly in sectors such as energy, metals and mining, will provide opportunities…
Paulson Plans $1.5 Billion Private Equity Fund for Troubled Debt
