It was like Christmas come early for New York-listed Eagle Bulk Shipping when GoldenTree Asset Management showed up to backstop an equity raise late last year.

More 'Prexit' for Eagle Bulk as GoldenTree eyes the door in $79m deal
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Strong private equity backing in shipping has good and bad points
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Eagle Bulk in $25m equity raise to back two Scorpio additions
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Now, the private equity firm may be the one celebrating.