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April 03, 2019  

Distressed-Asset Advisor Launches Vehicle

Hilco Global, a leading distressed-asset workout and liquidation firm, is starting an alternative-investment business.Its first offering is a drawdown fund that primarily will buy pools of defaulted consumer debt at steep discounts, then attempt to rehabilitate the borrowers. The fund-management unit, Hilco Investment Advisors, likely will launch additional vehicles focused on other types of distressed or illiquid assets including intellectual...

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