Hedge Fund Investor, Merchant Bank Team Up to Hunt Zombie Funds
In what could the start of a trend to free up an estimated $100 billion trapped in U.S. buyout shop funds with little hope of raising fresh cash, an Alabama-based merchant bank and a Texas hedge fund investor with roots to the oil fortune of Perry R. Bass announced plans to form Crestline-Kirchner Private Equity Group.
2 May 2013•2 mins read
