--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
US alternative investment management firm Fortress Investment has provided a $225m bail-out of troubled listed fund of funds APEN. The line of credit has allowed the fund of funds, formerly known as AIG Private Equity, to repay its $79m of bank debt, restructure preference shares, and reshape its investment portfolio to reduce undrawn fund commitments.
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