Thu, Aug 14 2008
PSource plans further fundraising for debt fund
LONDON, August 14 (Reuters) - Fund firm PSource Capital plans to raise further assets for the 69 million-pound ($129.2 million) PSource Structured Debt fund to grow it to 100 million pounds or more by the end of the year. Chief executive Soondra Appavoo also told Reuters he aims to double the size of the fund within a year and is also planning further listed fund launches.
PSource Structured Debt raises further 26 mln stg
LONDON, June 9 (Reuters) - PSource Structured Debt , a fund taking advantage of tough fundraising conditions for small companies, has raised 26 million pounds ($51.4 million) in a placing and said it sees excellent investment opportunities. The fund, which invests in senior secured debt and warrants issued by North American growth-oriented micro-caps, could raise a further 5 to 15 million pounds in the current offer for subscription, said PSource Capital managing director Soondra
PSource Asia distressed debt fund to seek $100 mln
LONDON, Jan 31 (Reuters) - Fund firm PSource Capital said on Thursday it will seek to raise at least $100 million for a fund to invest in non-performing loans in Southeast Asia, an area it believes offers opportunities due to regulatory changes. PSource Asian Recovery Limited will aim for a return of 15-20 percent a year by buying the dollar-denominated senior secured debt of firms that have defaulted on debt payments, PSource Capital managing director Soondra Appavoo told Reuters.
PSource fund aims to more than double in size
LONDON (Reuters) - PSource Structured Debt fund said on Thursday that its net asset value rose 7.06 percent in the five months to end-December and that it planned to issue shares to more than double in size.
PSource fund says aims to more than double in size
LONDON, Jan 17 (Reuters) - PSource Structured Debt fund said on Thursday that its net asset value rose 7.06 percent in the five months to end-December and that it planned to issue shares to more than double in size.
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