PRINT THIS PAGE US Longroad Asset Management closes debut special situations fund on $183m16/09/2004. Source: AltAssets. 
 US Longroad Asset Management has closed its first special situations fund with $183m in commitments. The fund will invest in middle-market companies with revenues of between $50m and $500m.
'Ideally we look for companies that are operationally stable but have accumulated various debt obligations which impair their ability to continue as a viable entity,' said founding partner Paul Coughlin.
'We believe the combination of capital, operating and financial expertise will create powerful situations for our portfolio companies. We are extremely pleased to have brought together such an experienced group of professionals and look forward to the achievements this talented team is capable of.'
Prior to joining Longroad, Coughlin was general partner and co-founder of CoMac Partners, a distressed investment partnership where he raised and managed over $400m. Other members of the Longroad team include managing director Richard Latto, directors Joseph Catalano, Leon Komkov and Steve Zambito, as well as principal Anne Whitman.
Longroad is a private investment firm focused on acquiring controlling positions in discounted fixed income securities, bank debt and obligations of financially distressed companies and providing value throughout the restructuring process.
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