Ironshield extends fund range as an institutional distressed debt investor

Mon Feb 23, 2009

Nazar opens flagship for $200m and aims for $250m in new private equity-style fund

The reopening of its flagship hedge fund and the launch of a new private equity-style vehicle are the latest steps in the development of European distressed and special situations manager Ironshield Capital into a major institutional player in the space at a time of high demand among investors for access to specialist distressed strategies.

David Nazar

Ironshield, which was set up in April 2007 and launched its hedge fund in August of that year, is led by David Nazar - the former head of distressed prop trading at Bank of America, who also previously worked at Goldman and Deutsche, and who had a track record of generating very high returns with low volatility over several years.

The firm was set up with backing from strategic partner SkyBridge Capital, the hedge fund seeding operation for Michael Dell's family...

ISSN: 2151-1845 / CDC10004H

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