Mount Kellett Closes $4B Opportunistic Investment Fund

Law360, New York (April 13, 2012, 2:23 PM EDT) -- A New York-based global private fund firm run by three former Goldman Sachs Group Inc. executives has closed its second opportunistic investment fund, focused on commercial real estate and banking investments, after raising $4 billion in capital commitments, the firm said Thursday.

Mount Kellett Capital Management LP said its newest fund will be characterized as a private special situation and opportunistic investment fund.

The fund firm said it received investments from a variety of institutional and private investors. The investors were spread out across the globe,...
To view the full article, register now.