Strategic Value Partners said it holds 4.2 million shares inthe New York-listed bulker owner, with the shares divided among several specialsituations funds.
The holding gives the Greenwich, Connecticut-based firm a9.4% stake in Genco.
Founded by distressed investments specialist Victor Khosla, StrategicValue Partners focuses its investment on “middle-market distressed debt restructuringsand turnarounds”.
The company’s stake is worth $6.8m at today’s prices for NewYork-headquartered Genco’s shares.
The
