HCF II has first close on the 15th of February 2008
15 Feb 08Helmsman Capital Fund II (HCF II or the Fund) had its first close on 15 February 2008 with a target raising of $180 million. Major investors in the fund are Industry Funds Management and Wilshire Private Markets.
The Fund is a specialist situation fund investing in:
- financial restructure;
- operational turnaround;
- industry consolidation or
- other special situations including investing in convertible debt for subsequent ownership or control.
Further potential investors in Australia, New Zealand and Asia are in various stages of investment review.