SAN FRANCISCO and SINGAPORE and TOKYO and SAO PAULO, July 7, 2016 /PRNewswire/ -- Farallon Capital Management, L.L.C. ("Farallon"), a global institutional investment management firm, today announced the completion of fundraising for Farallon Asia Special Situations III, L.P. and Farallon Asia Special Situations Master III, L.P. (collectively, "FASS III"), an Asia and Latin America focused private investment pool, with a single close on aggregate commitments of USD $1.12 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 capitalize on the robust opportunity set that we see in Asia." said G. Raymond Zage III, Partner at Farallon and Chief Executive Officer of Farallon Capital Asia Pte. Ltd. Mr. Zage added, "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, recapitalizations 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 sizable transactions, customized structures and quick and reliable execution," said Daniel Goldberg, Partner at Farallon and Managing Partner of Farallon Latin American Investimentos Ltda. Mr. Goldberg further stated, "Farallon's global franchise provides significant support and resources to our well-established local teams." The FASS III team includes 30 local employees, including four Farallon Partners: G. Raymond Zage (Singapore), Ashish Gupta (Singapore), Paul Caldwell (Tokyo) and Daniel Goldberg (São Paulo).
Farallon Capital Management, L.L.C. is a global institutional investment management firm founded in 1986. Farallon manages approximately $20 billion in capital for institutions, including college endowments, charitable foundations, pension plans and sovereign wealth funds, and for high net worth individuals. Farallon employs approximately 186 employees. Farallon is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo and São Paulo. More information about Farallon may be found at www.faralloncapital.com.
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SOURCE Farallon Capital Management, L.L.C.