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June 05, 2019  

Special-Situations Vehicle Forming

B. Riley Financial is planning to set up a special-situations investment unit.The operation, called Light Horse Capital, could start with as much as $120 million from B. Riley. While it has yet to talk to outside investors, indications are that the firm would seek to raise another $80 million from limited partners.There’s no known timeframe for Light Horse’s launch.The commitments would go into a fund with a drawdown format that would...

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