Firm: Mount Kellett Capital Management
Fund: Mount Kellett Capital Partners II LP
Amount Raised: $4 Billion
Co-Founders: Mark McGoldrick and Jason Maynard
Placement Agents: Several regionally, including Goldman Sachs
Legal Counsel: Schulte Roth & Zabel
“Goldfinger” is back. Mount Kellett Capital Management, the firm launched by Mark McGoldrick, just closed its second fund, Mount Kellett Capital Partners II LP, having raised $4 billion in commitments, according to a release. The fund, which has been raising money since February 2011, exceeded the $3 billion raised by the firm’s debut vehicle in 2009.
Nicknamed Goldfinger for reportedly earning as much as $70 million in 2006, McGoldrick was the co-founder and head of Goldman Sachs’s Global Special Situations Group between 1997 and 2007. At Goldman, he gained a deep background in Asia, where he was known for investing in such risky but ultimately profitable investments as Japan’s struggling golf courses. His specialty is investing in the debt and equity of companies that are teetering on bankruptcy.
Based in Hong Kong and named after a mountain in the territory, Mount Kellett Capital Management is focused on global distressed, special situations and opportunistic investing. Besides Hong Kong, the firm has offices New York, London and Mumbai. Investors, according to a press release, hail from Europe, Asia, Australia and the Americas.
The firm other co-founder is Jason Maynard, who was head of Goldman’s Special Situations Group in Asia. McGoldrick and Maynard founded the firm in 2008.
Investors in Fund II include the University of Texas Investment Management Company, which invested $75 million in the fund in April.
Other investors with Mount Kellett include Temasek, one of Singapore’s two giant sovereign wealth funds.
In raising the fund, the firm employed a number of placement agencies regionally, including Goldman Sachs. The firm’s legal counsel was Schulte Roth & Zabel.