(Reuters) - MatlinPatterson, founded by veteran distressed debt
specialists David Matlin, Mark Patterson and Lap Chan,
originally sought to raise some $3.5 billion for the firm's
third fund.
But demand for the fund exceeded supply and it was
oversubscribed by $1.5 billion, the source said, reflecting
some experts' views there will be many more opportunities to
invest profitably in debt-strapped companies over the next few
years.
Read more at Reuters.com Mergers News
specialists David Matlin, Mark Patterson and Lap Chan,
originally sought to raise some $3.5 billion for the firm's
third fund.
But demand for the fund exceeded supply and it was
oversubscribed by $1.5 billion, the source said, reflecting
some experts' views there will be many more opportunities to
invest profitably in debt-strapped companies over the next few
years.
Read more at Reuters.com Mergers News
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