Mega-Vulture Seeks Extra Billions

  • 09 Feb 2003
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Amid its battle for control of WorldCom, MatlinPatterson Asset Management has begun raising capital for a new distressed debt fund--with a target north of $2 billion. The firm has retained the private equity capital-raising firmAtlantic Pacific Capital to raise more than $2.2 billion, said an industry official familiar with the situation. First closing is expected in June, he added.

FormerCredit Suisse First Boston distressed debt prosDavid Matlin andMark Patterson left CSFB last year with a $2.2 billion distressed debt fund, said an industry official. They are seeking to bring the new fund at least to that size. The fund will buy distressed debt with the aim of taking control of troubled companies, the industry official explained. It is not being created to assist in the firm's WorldCom effort, the official added. MatlinPatterson is raising the new money because a glut of bankruptcy deals has caused availability of debt in the market, he said. An Atlantic Pacific official declined to comment. Calls to Matlin and Patterson were not returned

  • 09 Feb 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%