Mount Kellett Capital Management has raised $4 billion for its second global private special situation and opportunistic investment fund, according to a company statement. The multi-strategy investment firm, set up by former executives of Goldman Sachs, has now $7 billion under management.
“Since February 2011, Mount Kellett Capital Partners II has raised $4 billion in total capital commitments from limited partners, including existing and new institutional and private investors, throughout the Americas, Europe, Asia and Australia,” the statement added. The first fund raised $3 billion, which closed in 2009.
Among its disclosed transactions, Mount Kellett led a Rs 410 crore ($90 million) investment in India’s top pharma retailer MedPlus Health Services in 2010. It was also part of a consortium investing Rs 290 crore ($64.4 million) in Thrissur-based private sector lender Dhanlaxmi Bank but that transaction was scrapped.
Mount Kellett was founded in 2008 by Mark McGoldrick and Jason Maynard. While McGoldrick was the co-founder and head of Goldman Sachs’ Global Special Situations Group (GSSG) from 1997-2007, Jason Maynard and Nick Weber managed GSSG’s Asia (ex-Japan) and European businesses.
Mount Kellett Capital focuses on global distressed, special situations and opportunistic investing. It has over 100 employees and offices in New York, Hong Kong, London and Mumbai.