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Private Equity

Blackstone-Backed Raveneuer Investment Group Said To Be Closing Down

by finalternatives.com posted 1year ago 366 views
<p>Mark Black&rsquo;s event-driven Raveneur Investment Group, seeded by Blackstone and PAAMCO when it launched in 2014, is closing its doors.</p> <p>The firm started out focused on distressed and value-based special situations in Europe and the United States, which at the time were both beset with on-again, off-again economic recoveries. The New York-based firm, which received $200 million from Blackstone and $150 million from PAAMCO in September 2014, ultimately managed nearly $500 million in assets, engaged primarily in long/short opportunities in the energy, healthcare, consumer retail and media/telecom sectors.&nbsp;</p>