The man with the golden touch for leveraged finance, Goldman, Sachs & Co. alum Mark McGoldrick, has wrapped up a $1.5 billion private equity fund targeting investments in Asia, according to a Reuters
report. Nick-named "Goldfinger" for his success running Goldman's global special situations group, McGoldrick left the investment bank to start his own firm Mount Kellett Capital Management in 2007.
Continue reading below
The firm has offices in New York and Mumbai with plans to open one in
Beijing, sources told Reuters. The multistrategy fund is targeting
deals in the $100 million range and has drawn in several other Goldman
Sachs veterans as the financial crisis wears on Wall Street.
But even a man such McGoldrick, who left his job because $70 million in compensation
just wasn't enough, can run into tough times in this environment. The
fund, which Goldman helped raise, was initially targeted at $5 billion,
but it had to be scaled back to $1.5 billion as capital has fled to all
but the safest investments over the past 18 months. -
George White
See Reuters story
See Dealwatch on PE and VC fundraising
