Solic Capital seeks $250m for new distressed fund


chicago 3_sqInvestment firm Solic Capital is reportedly planning to raise $250m for a new fund.

The new vehicle will target distressed assets, said Dow Jones, citing a person familiar with the situation.

Shannon Advisors is acting as a placement agent for the fund.

The Evanston, Illinois-based firm is managed by the former co-leader of Navigant Capital Advisors and his team.

Solic currently has $300m of assets under management.

Distressed funds currently in the market include Alchemy Partners’ third investment vehicle, which is targeting £600m.

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