After a Big Year, Mudrick Capital Is Raising Money

The distressed-credit specialist had one of the top-performing hedge funds in 2018.

Jason Mudrick, president of Mudrick Capital Management (Michael Nagle/Bloomberg)

Jason Mudrick, president of Mudrick Capital Management

(Michael Nagle/Bloomberg)

Mudrick Capital Management has launched a new hedge fund.

Jason Mudrick’s distressed-credit shop recently raised nearly $200 million for the first close of Mudrick Distressed Opportunity Drawdown Fund II and the related offshore vehicle (Mudrick Distressed Opportunity Drawdown Offshore Fund II), according to a Mudrick investor.

The

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