Bloomberg reports that Mount Kellett Capital Management LP, the investment firm founded by two former Goldman Sachs Group Inc. (GS) executives, plans to raise a new fund matching the $4bn gathered in 2012 by its last global special-situations vehicle, according to two people familiar with the matter.
Mount Kellett Capital Partners Fund III is targeting a first close in the third quarter, said the people, who asked not to be identified because the information isnâ??t public. The firm has selected Park Hill Group LLC, the placement agent arm of Blackstone Group LP, to help raise money, the people said.
