Farallon Capital Management has completed fundraising for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, an Asia and Latin America focused private investment pool, with aggregate commitments of USD1.12 billion.
"We are very excited to begin investing FASS III and want to thank all of our investors for their continued commitment to Farallon. We take pride in providing flexible and strategic capital solutions to entrepreneurs, key families and business groups, even in a challenging business environment. We look forward to partnering with them to capitalise on the robust opportunity set that we see in Asia," says G Raymond Zage III, partner at Farallon and chief executive officer of Farallon Capital Asia. "We believe FASS III will benefit significantly from Farallon's established relationships, long history and experience in closing privately negotiated investments throughout multiple cycles in the region."
Farallon seeks opportunities where it may align FASS III's interests with company shareholders and management and act as a value-added partner offering experienced strategic and financial advice, focusing on transitional situations, such as acquisitions, recapitalisations or restructurings. FASS III is Farallon's third investment fund dedicated to investing in illiquid special situations across the capital structure in companies in or with a nexus to Asia and Latin America.
"We have significant experience and a strong track record of providing our partners in Latin America with sizeable transactions, customised structures and quick and reliable execution," says Daniel Goldberg, partner at Farallon and managing partner of Farallon Latin American Investimentos. "Farallon's global franchise provides significant support and resources to our well-established local teams."