Performance

Strategic Value targets Europe with $900m special sits vehicle

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Strategic Value Partners, the $4 billion global asset manager led by Victor Khosla that is focused on distressed, event-driven and turnaround investments, has announced the final closing of its new Strategic Value Special Situations Fund II vehicle at $918 million.

The new SVSS II fund, which had an original fund-raising target of $600 million, will particularly focus on Europe and is expected to make the majority of its investments outside the US. Founded by Khosla in 2001, SVP has offices in London, Frankfurt and Tokyo as well as its headquarters in Greenwich, Connecticut.

The firm said