Questor plans to divest, start third fund.(Focus)

From: Crain's Detroit Business | Date: August 28, 2006 | Copyright information

Byline: Tom Henderson

Questor Management Co. L.L.C. has big plans but no money to put into new deals, so look for it to start raising another big fund soon.

Its last fund, of $865 million, was raised in 1999 and is nearly fully invested. What little is left will be used in add-on investments to current portfolio companies if they need capital.

John Janitz, co-managing principal at Questor, said the company would begin raising a third fund - its firs...

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