Mount Kellett Capital, a private equity firm run by former Goldman Sachs partner Mark McGoldrick, has raised $732 million for its second fund, reports PeHub. The fund, Mount Kellett Capital Partners II LP,
has raised money from 35 investors, said the report quoting a filing. Mount Kellett Capital has an office in Mumbai and appointed former JPMorgan executive director Suresh Prabhala as India head in 2008. The final target of the fund is not known.
Mount Kellett closed its first fund in December 2009 with approximately $3 billion in aggregate capital commitments. The firm looks at both public and private market investments, with a focus on special situations like opportunistic corporate debt and real estate, among others. It has offices in New York, Hong Kong, London besides Mumbai with more than 80 employees.
McGoldrick, who earned his nickname “Goldfinger” while at Goldman Sachs, was the co-head of its global special situations group and spent most of his career in Asia. Mount Kellett, which he formed after
quitting in 2007, is named after a mountain in Hong Kong. The firms most recent deal was acquisition of a 20% stake for $100 million in Vietnam’s Masan Resources, which owns a tungsten mine.
Prabhala led JPMorgan’s principal investment group in India before joining Mount Kellett in August 2008. He has also worked with investment bank Allegro Capital and Arthur Anderson before that.