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SVPGlobal Closes Special Situations Fund at $5B Hard Cap
Strategic Value Partners, LLC and its affiliates (SVPGlobal), a global investment firm focused on distressed debt, event-driven investments, special situations and private equity opportunities, recently closed Strategic Value Special Situations Fund V at its hard cap of $5 billion.
Like its predecessors, SVSS V is focused on restructurings, event-driven investments, special situations and trading-oriented opportunities in North America and Europe. It already has made or announced investments in the basic industrial, aviation and real estate sectors.
Victor Khosla, founder and CIO of SVPGlobal, said: “This successful and expeditious closing of our fifth special situations fund validates the consistency of our approach and our proven record of generating strong returns across market cycles,”
Recent investments by the Greenwich, CT-based firm in debt-to-equity restructurings include: Swissport International, the world’s second largest air cargo company; OmniMax International, the leading U.S. manufacturer of residential roof drainage products; and Washington Prime Group, a retail REIT.
Pictured: Washington Prime Group’s Forest Plaza in Rockford, IL.
- ◦Financing
