Investcorp Seeks Debt
Investcorp, a private equity firm that owns this newspaper's publisher, SourceMedia, has teamed up with Washington Corner Capital Management to form a strategic partnership that will give Investcorp clients access to the distressed credit markets through an experienced hedge fund manager. Washington Corner Capital Management was founded by Ed Banks. Washington Corner benefits from a significant capital infusion and Investcorp's institutional quality oversight, the companies said in a news release. Prior to founding Washington Corner, Mr. Banks spent 18 years with WR Huff, where he held a variety of titles including senior portfolio manager for WR Huff's high-yield accounts and chief investment officer of the Huff Alternative Fund. Mr. Banks is joined by Matt Swope and Michael Fisher, also veterans of WR Huff.
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