Saturday, 28 May 2016
Last updated 1 day ago
Feb 13 2007 | 9:02am ET
Cleveland-based hedge fund and private equity firm Knowledge Investment Partners is heading back to class with the launch of its second education-dedicated hedge fund with some $50 million, it announced today. The KIP Presidium Fund, like the firm’s first fund, the four-year-old KIP Education Fund, focuses on education and related information services companies.
The firm has added portfolio manager Rob Herman to run the new offering. Daniel Pianko is the lead analyst.
KIP says it has an additional $50 million in commitments to the fund, and expects to close the fund at about $200 million later this year.