J.P. Morgan held the final close of its Lynstone Special Situations Fund II, collecting $2.4 billion in capital from institutional investors in the Americas, Europe, Australia and Asia.
The fund strategy is stressed, distressed and event-driven situations in European and North American private and public markets across the capital structure. The aim is to allocate to situations where the assets are potentially discounted due to illiquidity or market disruption and there is an event or catalyst poised to deliver positive total returns, officials in the global special situations team said.
J.P . . .
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