Investors

Question mark over MatlinPatterson

The New York-based firm’s second and third funds have underperformed LPs’ expectations, and some large investments in its most recent fund have struggled. But the firm has some unrealized investments that may yet be game changers

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Limited partners are concerned about the future of MatlinPatterson.

The firm’s second and third funds have failed to meet investors’ expectations – and some LPs have questioned the firm’s ability to make the funds profitable. 

As of 31 March, Fund II, which collected $1.6 billion in 2004, was generating a .63x