Mudrick Capital eyes £300m London trust IPO - reports

US distressed credit

Cristian Angeloni
clock • 1 min read

American hedge fund Mudrick Capital is eyeing a £300m raise for the initial public offering of a London-listed investment trust.

According to reports by The Times, the firm has been gauging investor appetite for the IPO of a trust, which would buy into distressed credit in the US. Stockbroker Cenkos has reportedly been appointed to work on the potential deal. Investment trust IPOs stagnate with zero launches in 2022 Mudrick Capital has been contacted for comment. Mudrick Capital was founded in 2009 by Jason Mudrick, who also works as the fund's CIO. It has offices in New York and London, and two years ago expanded into Europe by acquiring a credit fund from private equity group CVC. The firm entered th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Odey Wealth Management files for voluntary liquidation

Odey Wealth Management files for voluntary liquidation

Evelyn Partners appointed as liquidator

Cristian Angeloni
clock 28 October 2024 • 1 min read
US firm Gallagher acquires London-based Redington for undisclosed sum

US firm Gallagher acquires London-based Redington for undisclosed sum

Terms of the transaction were not disclosed

Holly Roach
clock 25 October 2024 • 1 min read
abrdn shares plunge 8% as investors pull £3.1bn in third quarter

abrdn shares plunge 8% as investors pull £3.1bn in third quarter

interactive investor remains a bright spot

Valeria Martinez
clock 24 October 2024 • 2 min read
Trustpilot