Two former HM Capital executives have managed to raise $425 million for Tailwater Capital, a newly formed Dallas-based private equity firm that will manage HM Capital’s legacy energy portfolio.
Anova Consulting Group has launched a syndicated study entitled “Private Equity in DC Plans: Retirement Industry Perspectives”. As private equity firms seek ways to tap into the individual investor retirement plan market and plan sponsors weigh various options to increase retirement readiness among their participant bases, Anova proposes to capture the perceptions and concerns of key stakeholders regarding the potential introduction of private equity investment options onto DC platforms. more…
Rhode Island paid hedge-fund managers almost $16 million in fees during 2012 to manage the state’s $1 billion hedge-fund portfolio. more…
Healthcare hedge fund Ayer Capital Management, which at its peak managed $300 million, is reportedly closing its doors.
North Carolina-based Morgan Creek Capital Management will purchase European-based Signet Capital Management’s alternative funds business, which has $700 million in assets.
“Life is often far more interesting than art. You couldn’t script the combination of headlines that hit the White House at the same time which included the IRS scandal, Benghazi talking points and AP probe,” says James Frischling, president and co-founder of NewOak.
Conifer Fund Services will open a fund administration office in Halifax, Nova Scotia as part of its strategy to expand in North America.
Hedge fund Third Point doesn’t appear to be faltering with its returns this year, in fact, it has been in the black for four consecutive months.
Even as stocks continue their mostly uninterrupted path to higher ground, fund managers are holding relatively big amounts of cash while worrying about China and a commodities crash.
5/23/13 •New PE Firm Tailwater Spins Out of HM Capital, Plans to Invest in Oil and Gas
5/16/13 •Vinik Executives to Start Own Funds
5/03/13 •New Commodity Strategy Launched by Lake Hill
5/02/13 •Deer Park Set to Launch New Mortgage/Asset-Backed Fund
4/19/13 •Stenham Unveils Credit and Healthcare FoFs
4/18/13 •Hermes BPK Confirms Launch of Accelerator Fund with Northern Lights Capital
4/09/13 •Gerchen Keller Capital, Run By Hedge Fund Pair, Launches Litigation Finance Fund
4/04/13 •New Multi-manager Mutual Fund Launched by Persimmon
3/21/13 •Racon Capital Partners Readies First Hedge Fund
3/14/13 •Farol Partners Eyes Emerging Managers
3/06/13 •Philadelphia’s AJO Talks to EMF About First Hedge Fund Launch
2/28/13 •Citi Exec. Departs to Launch Hedge Fund
2/21/13 •RMB Capital Targets New Managers
2/14/13 •Ex-Vision Capital Exec. Launches New Firm
2/07/13 •Kentucky Firm Launches Hedge Fund with $1 Million
1/29/13 •RiverNorth Combines Strategies with Oaktree for Fund Launch
1/25/13 •New Jersey Firm Palisade Starts Year with New Acquisition, Fund
1/17/13 •Deer Park Road Readies Second Mortgage Fund
1/10/13 •New York Firm Starts Seeding Vehicle
1/04/13 •Emerging Manager Launches Healthcare Fund and Gives its Take On Fundraising