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January 30, 2019  

Investors Back Big Bet by Axar

Special-situations investor Axar Capital has raised $105 million for a co-investment play.About 30 investors pledged to Axar Special Opportunity Fund 5, which will invest in a single position currently held by the firm’s flagship vehicle, Axar Onshore Fund. Axar targets the equity and debt of distressed businesses, including those undergoing bankruptcy reorganizations, restructurings and other special situations.Special Opportunity Fund 5...

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