Arbritium went as far as to seek co-investors for the deal but was eventually knocked by the Jreissatis given its double-digit interest rate, sources said.
Two-year-old private debt boutique Arbitrium Capital Partners, which invests in stressed, distressed and opportunistic plays, has begun doing the rounds for a new a $300 million fund.
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"The timing is exquisite" for alternative credit fund manager specialising in SME lending and green infrastructure - Craig Reeves opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.