LBG Realty Advisors will tap public employee pension funds to raise $250 million for its LBG Real Estate Opportunity Fund to purchase distressed retail real estate assets and loans in the western U.S. Full Story
Private equity investor MidOcean Partners has formed a middle market credit fund that will allocate capital to bank loans, high yield bonds, mezzanine debt, and special situations. Full Story
Gambling will continue after the bankruptcy of the Twin River slot casino and dog racing track, but the restructuring plan is likely to put the hounds out of business. Full Story
Encore Enterprises, a Dallas-based commercial real estate investor, launched its second opportunity fund to purchase distressed real estate assets and loans shortly after closing its first fund, the $150 million Encore Opportunity Fund I. Full Story
In a costly footnote to the Chrysler Group's restructuring, former dealership operator Dennis Hecker is accused of fraud after seeking Chapter 7 protection from $476 million in defaulted loans from Chrysler. Full Story
Flu treatment developer Protein Sciences Corp. was forced into bankruptcy by creditors, one of whom is suing company executives over an asset purchase deal that fell through. Full Story
Telecom company Metromedia International Group is seeking Chapter 11 protection to avoid immediate liquidation as required by a judgment in a lawsuit. Full Story
Peter Lupoff recently left his portfolio manager position with Millennium Management and is raising capital for his new distressed debt hedge fund, Tiburon Capital Management. Full Story
Cantor Fitzgerald & Co. hired former Merrill Lynch leveraged debt specialist David Stith as part of a plan to add 50 to 70 bankers over the next 12 to18 months to specifically target middle market clients. Full Story
Middle market investor Insight Equity is raising $250 million for its Mezzanine I fund and $500 million for its Insight Equity II fund, according to regulatory filings. Full Story
Real Estate Trusts Hit Equity Markets
Real estate investment trusts (REITs), stymied by seized credit markets and lackluster property sales, turned to the equity markets to raise capital this spring and discovered warming investor sentiment. Full Story
May Help Maintain DIP Market
Bankruptcy judge Robert Drain threw a lifeline to creditors of bankrupt auto parts maker Delphi on June 10 when he ordered the company to disclose more information and open up the sale of its assets to competitive bidding. Full Story
Semiconductor industry players Aviza Technologies and MagnaChip Semiconductor filed for Chapter 11 protection this month as the chip industry was dragged down by debt and plunging sales. Full Story
- Flu Fears Weigh on Hog Farms
- More Bankruptcy Judges Called For
- CMBS Industry Awaits Hearing in General Growth Bankruptcy
- Liquidity, Swine Flu Lower Six Flags to Half Mast
- Yellowstone Principal Forced to Liquidate
- Insight Equity Raising Middle Market Funds
- Coyotes Howl as Judge Blocks Sale
- Chapter 11 a New Wrinkle for Isolagen
- Filene's Basement Sells
- Centrecourt Plans New Distressed Fund
- Marwyn Raising $800M U.K. Distressed Fund
- Former Contrarian Manager Starting Distressed Fund




