SK Capital Raises $500 Million for Chemical Buyout Fund

Private equity firm SK Capital (New York) has raised $500 million for a new fund targeting investments in the chemicals, specialty materials, and healthcare sectors. SK says the funds raised exceeded its initial target by $100 million. “We believe the volatile macroeconomic backdrop will provide fertile ground to execute our strategy,” says Barry Siadat, managing director, SK Capital. SK Capital's investments include Ascend Performance Materials, formerly Solutia's nylon business, Calabrian Corp., a maker of sulfur dioxide and derivatives, and...

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