Launches & Closures

Ex-JP Morgan team gets going with Sothic Capital distressed investing fund

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Sothic Capital, the London-based operation formed by an experienced former team of European distressed specialists at JP Morgan, is up and running with its new Sothic Capital European Opportunities distressed special situations fund.

The highly rated team is led by 15-year distressed industry veteran Gertjan 'GJ' Koomen, who is the firm's CIO and who previously ran the European distressed portfolio as part of JP Morgan's proprietary internal hedge fund operation.

The other partners include former JP Morgan colleagues Alessandro Esposito, Ralph Herrgott and Martin Beck - who have worked together with Koomen since 2004 - together with CEO and business