Minneapolis, United States
CarVal Investors, LLC (formerly Cargill Value Investment) announced today the closing of CVI Global Value Fund, a fund formed to invest in loan portfolios, real estate, corporate securities and special opportunities. Subscriptions accepted by CVI Global Value Fund totaled $5.75 billion.
CVI Global Value Fund is structured as a dual-class partnership and has more than 75 institutional investors, including Cargill and a diverse range of public and corporate pension plans, endowments, foundations, family offices and trusts.
Jeffery D. Leu, president and senior partner of CarVal Investors, said, "CarVal Investors received strong investor interest as a result of our 20-year track record and experienced investment professionals. With the closing of our first global fund, our team is positioned across the globe to find appropriate opportunities and put this capital to work."
Through CVI Global Value Fund, CarVal Investors will invest primarily in:
-- Loan portfolios, including sub- and non-performing consumer and commercial loans and receivables;
-- Real estate, including commercial, residential, industrial, office, retail and land;
-- Corporate securities, including corporate bonds, bank debt and trade claims; and
-- Special opportunities, including aviation assets, insurance companies in run-off, media publishing, merchant energy, oil and gas rights and tax credit opportunities.
Placement agent Park Hill Group LLC advised CarVal Investors.
About CarVal Investors
Founded in 1987, CarVal Investors (formerly Cargill Value Investment) has acquired more than $17 billion in assets in 2,700 transactions in 35 countries. Today, the firm manages $10 billion in assets and has 99 investment professionals working with 162 administrative, tax and legal professionals in 12 offices across the globe. More information is available at www.carvalinvestors.com.
CONTACT: CarVal Investors Ann Folkman, 952-984-3919 ann.folkman@carval.com
CONTACT: CarVal Investors Ann Folkman, 952-984-3919 ann.folkman@carval.com
Source: Business Wire (Business Wire India)