Perella Weinberg Partners Issues Statement

NEW YORK--(BUSINESS WIRE)--Perella Weinberg Partners today issued the following statement regarding its Xerion Fund and Xerion’s Senior Secured investment in Chrysler:

“The Perella Weinberg Partners’ Xerion Fund has today agreed to the Chrysler settlement offer extended yesterday to the Secured Lender Group. We believe that this is in the best interests of all Chrysler stakeholders, and our own investors and partners. We are working with other non-TARP Lenders to encourage broad participation in the settlement.”

The firm has no further comment.