Distressed Debt Specialist Wayzata Closes Fund III At $2.7B

Wayzata Investment Partners, a distressed debt-shop with a penchant for taking control of companies, closed on its third fund, Wayzata Opportunities Fund III LP, having raised $2.7 billion, slightly more than the initial $2.5 billion target. The firm started raising Fund III in the third quarter of 2011.

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