BOSTON/NEW YORK (Reuters) – Glade Brook Capital Partners LLC, the venture capital firm led by Paul Hudson, is pitching a new fund to investors targeting the debt of private technology companies impacted by economic disruption from COVID-19.
FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo
The $1.5 billion Greenwich, Connecticut-based firm began marketing the Special Situations Fund last week and is targeting $100 million for it by the end of April, according to a pitch document seen by Reuters.
The fund will invest in preferred stock, convertible bonds and senior debt, in primary and secondary markets, in what Glade Brook sees as “high quality” but “dislocated” private technology companies, according to the materials.
“We see an extraordinary opportunity to invest,” the marketing document says, given a recent shift in financing for private…
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