Strategic Value Closes Distressed Debt Fund At $918M

Law360, New York (February 3, 2012, 9:07 PM EST) -- Distressed debt investing giant Victor Khosla’s global investment firm Strategic Value Partners LLC has closed a fund targeted at investments including middle-market restructuring activities at $918 million after originally aiming to raise $600 million, the investment firm announced Friday.

The fund, billed the Strategic Value Special Situations Fund II, sticks to the strategy of the firm’s first Special Situations Fund, which is to invest in distressed debts and in restructuring activities and earn returns over roughly three years, according to its statement.

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