<p>Mark Black’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. </p>