BizJournals Portfolio

Flying Under the Radar

Investors who have trafficked in defaulted sovereign debt tend to be some of the world's most discreet players.

Vultures of Profit Vultures of Profit

Some low-profile investors are making ungodly amounts of money buying third-world debt on the cheap, then suing for the balance. Can they be stopped? More important, should they be? Read More

Some of the major funds currently in the business:

Greylock Global Opportunity
Based in the British Virgin Islands
Parent: Greylock Capital Management
Sued Nicaragua
Won $50.9 million judgment 

FG Hemisphere
Based in the U.S.
Parent: FG Capital Management
Sued Congo Republic
Won $151.9 million judgment
Sued Democratic Republic of Congo
Won $81.7 million judgment 

Kensington International
Based in the Cayman Islands
Parent: Elliott Management
Sued Congo Republic
Won $118.6 million judgment

Donegal International
Based in the British Virgin Islands
Parent: Debt Advisory International
Sued Zambia
Won $15.4 million judgment

Grace Church Capital
Based in the Cayman Islands
Parent: Not Available
Sued Cameroon
Still in court, seeking $39.7 million 


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