Hedge Fund Solus Looks to Raise $750mn Fund

(Reuters) Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed. The firm, which has $5.8 billion in assets under management, has already won commitments for $190 million and plans to continue fundraising through 2019, the person said.

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