Lynn Tilton Forgoes LP Dollars for Her Own
Why spend time wrestling money away from tight-fisted investors when you're sitting on a pile of your own cash? Lynn Tilton, CEO of distressed investment firm Patriarch Partners, plans to invest a significant amount of her own "Lynn Tilton dollars" into a new bank holding company project, she said at today's Reuters Distressed Summit. The project will take precedent over any fundraising efforts by Patriarch Partners, she said. In June, Tilton told peHUB that the firm's latest fund, Zohar III, was 80% deployed, and that she would likely come to market with a new effort in September. Zohar III is a $1.25 billion pool which closed in 2007.
29 September 2009•2 mins read
