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

Ninety One takes charge of £17.4bn Sanlam IM mandate

Ninety One takes charge of £17.4bn Sanlam IM mandate

Agreement for 15-year partnership

Linus Uhlig
clock 20 November 2024 • 2 min read
Baillie Gifford withdraws from Climate Action 100+ and Net Zero Asset Managers initiative

Baillie Gifford withdraws from Climate Action 100+ and Net Zero Asset Managers initiative

'Distracting from our core responsibilities'

Sorin-Andrei Dojan
clock 18 November 2024 • 1 min read
Legal & General to cut jobs in revamped asset management arm

Legal & General to cut jobs in revamped asset management arm

Part of restructuring

Linus Uhlig
clock 18 November 2024 • 1 min read
Trustpilot