SkyBridge launches $50 million recovery fund – email to investors

NEW YORK (Reuters) – SkyBridge Capital is launching a new fund to acquire holdings in 10-15 companies from distressed investors, the investment firm said in an e-mail seen by Reuters.

SkyBridge, founded by Anthony Scaramucci, plans to raise $50 million for its Unicorn Recovery Fund with an expected closing on April 30, according to the email to investors.

SkyBridge declined to comment.

(Reporting by Carolina Mandl in New York; Editing by Richard Chang)