Anchorage closes special sits fund at $260 million

Anchorage Capital has held a final close on its second private equity fund at A$250 million ($259 million), which is aimed at special situations and turnaround deals in Australia, New Zealand and Southeast Asia. Anchorage Capital Partners II is the follow-on vehicle to the Sydney-based firm’s flagship fund, which closed at A$200 million in 2010. Fund II, which was oversubscribed, was capped at A$250 million, with the capital-raising process taking only about six months. Half of …