Launches & Closures

Devonshire plans July launch for special sits fund after winning €25m IMQ seeding


Mark Devonshire's mCapital European and Asian Special Situations Fund is finally set for a 1 July launch, after securing a €25 million ($30.9 million) anchor investment deal from IMQubator, the Amsterdam-based emerging manager fund backed by Dutch pension fund giant APG.

Mark Devonshire

Devonshire, a well-known name in the Asian credit circles and formerly the Hong Kong-based head of Merrill Lynch's principal credit investments for Europe and Asia running almost $3 billion, has been looking to launch the fund early last year and has succeeded in keeping his team together despite the long wait.

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