VR Capital, Fidera Join Ashmore on Venezuela Bondholder Group

VR Capital Group and Fidera Ltdare joining a Venezuela creditor committee, bringing the amount the group controls to roughly half of the nation’s $60 billion of defaulted dollar bonds, according to people familiar with the matter.

The addition of the London-based investment managers provides a shot in the arm for a group that formed in late 2018, shortly after Venezuela began defaulting on government and state oil company debt.

Last year, Ashmore Group, one of the largest holders of sovereign and Petroleos de Venezuela SA bonds, joined the group, according to two of the people, who asked not ...