By Karlee Weinmann ( April 10, 2013, 1:40 PM EDT) -- Marlin Equity Partners is targeting $1.6 billion in investments for its fourth fund, but sources told Fortune on Wednesday that the Los Angeles-area firm could raise its cap as high as $2 billion amid a groundswell of investor interest. Even if Marlin Equity sticks to its stated $1.6 billion goal, the latest fund would represent a nearly three-fold increase on its previous fund, a $660 million effort sealed in 2009. The firm — a turnaround specialist — generally targets distressed mid-market companies, frequently in the tech sector....
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