MatlinPatterson Global Opportunities Partners II L.P. is a New York-based private investment firm established in 2003 that specializes in distressed investing. The firm raised $1.65 billion in capital commitments by 2004, primarily from institutional investors including financial institutions, insurance companies, and pension funds. The firm’s investment strategy focused on acquiring and providing capital to companies in or near insolvency across diverse global industries, including chemicals, utilities, manufacturing, and aviation.