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Mudrick Preps a New Drawdown Fund

Jason Mudrick calls the current distressed credit environment the best he has seen in more than 20 years.

Mudrick Capital Management is raising money for a new drawdown fund.The distressed debt specialist, founded by Jason Mudrick, is seeking to bring in between $800 million and $1 billion for Mudrick Distressed Opportunity Drawdown Fund III, its third vintage.The new fund will focus on middle-market distressed credit in the U.S.

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