Ex-Soros Manager to Start Distressed Fund for Europe
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William Seibold, a former founding member of Soros Fund Management LLC’s distressed unit, plans to start a fund to invest in troubled European companies.
Recipero Capital will provide capital to middle-market businesses, primarily in Germany, France, Italy and the U.K., starting in the second half of next year, Seibold said in a telephone interview. He expects to have seven people working with him when the fund opens.