HCF II extends final close and sets a target second close date of 31 December 2008
August 15, 2008
Helmsman Capital Fund II (HCF II or the Fund) has extended the final close date for its raising of $180 million. A second close target date of 31 December 2008 has been set.
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.