News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

SVP raises $1.3bn for distressed debt

The US-based firm is looking to increase its exposure to Europe amid growing bank disposals

A US distressed debt specialist has comfortably exceeded its $1 billion target for its latest fund as it looks to increase its exposure to Europe.

Strategic Value Partners held a final close on its Strategic Value Special Situations Fund III on $1.31 billion, according to a statement.

WSJ Logo