SSG’s special sits fund halfway to $300 million target

SSG Capital Management has held a second close at $160 million for its second special situations fund, with about three-quarters of the capital coming from European investors. SSG Capital Partners II was launched in February this year with a target of $300 million and a hard cap set at $400 million. The fund, which focuses on distressed deals in Southeast Asia, India and Greater China, held a first close in March at $85 million, with most of the capital coming from the firm’s exis…