Z Capital Is Seeking $2 Billion for Credit, Private Equity Funds

Z Capital Group LLC is seeking as much as $2 billion for three funds that will invest across credit and private equity, according to documents reviewed by Bloomberg.

The firm, led by Jim Zenni, is looking to raise $750 million for a new vehicle known as ZCP Special Situations Fund LP and the same amount for an extension, or Series B, tied to Z Capital Credit Tactical Fund LP. Separately, the firm is targeting $500 million for a new pool of capital linked to Z Capital Partners III LP, a private equity fund that targets fast-growing midsize ...