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San Francisco
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
Golden Gate
Angel Island Capital raised $440m for its debut third-party capital fund from a mix of secondaries and primary investors.
Credit and distressed funds accounted for 20% of GP-leds deals in H1, according to data from Greenhill.
The deal gave investors in Avenue Capital Group's 2011-vintage Europe Special Situations Fund II the option to sell their stakes at par or roll over into a new vehicle.
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