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ORN Capital distressed fund driven by events in Europe

firm aims to benefit from events favourable to debtholders

Orn Capital is launching a distressed debt fund on 1 August focusing on distressed senior debt from European issuers with outstanding debt of at least e100m. The fund, which will have a soft close at $65m , is aiming to return between 15% to 20% a year, and will have total capacity for E400m.

Harald Örneberg, chief executive and founder of Orn Capital, said the fund, with euro and dollar share

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