Mudrick Capital eyes £300m London trust IPO - reports

US distressed credit

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...