CarVal Investors, LLC Announces Closing of CVI Global Value Fund

CarVal Investors, LLC (formerly Cargill Value Investment)
announced today the closing of CVI Global Value Fund, a fund formed to
invest in loan portfolios, real estate, corporate securities and
special opportunities. Subscriptions accepted by CVI Global Value Fund
totaled $5.75 billion.

CVI Global Value Fund is structured as a dual-class partnership
and has more than 75 institutional investors, including Cargill and a
diverse range of public and corporate pension plans, endowments,
foundations, family offices and trusts.

Jeffery D. Leu, president and senior partner of CarVal Investors,
said, "CarVal Investors received strong investor interest as a result
of our 20-year track record and experienced investment professionals.
With the closing of our first global fund, our team is positioned
across the globe to find appropriate opportunities and put this
capital to work."

Through CVI Global Value Fund, CarVal Investors will invest
primarily in:

-- Loan portfolios, including sub- and non-performing consumer
and commercial loans and receivables;

-- Real estate, including commercial, residential, industrial,
office, retail and land;

-- Corporate securities, including corporate bonds, bank debt and
trade claims; and

-- Special opportunities, including aviation assets, insurance
companies in run-off, media publishing, merchant energy, oil
and gas rights and tax credit opportunities.

Placement agent Park Hill Group LLC advised CarVal Investors.

About CarVal Investors

Founded in 1987, CarVal Investors (formerly Cargill Value
Investment) has acquired more than $17 billion in assets in 2,700
transactions in 35 countries. Today, the firm manages $10 billion in
assets and has 99 investment professionals working with 162
administrative, tax and legal professionals in 12 offices across the
globe. More information is available at www.carvalinvestors.com.