Thursday, 26 March 2015
Last updated 1 min ago
May 21 2010 | 11:23am ET
With mid-sized hedge funds finding fundraising a tough go lately, one prominent hedge fund investor may soon be seeding saplings.
Investcorp is already active in seeding new and emerging hedge funds. But the firm is now looking at funds that already have as much as US$500 million in assets, considering what would be, in effect, a second seeding.
“We’re getting approached by funds running $400 million to $500 million, saying, ‘We need to go the next level and we need a partner like Investcorp,’” Deepak Gurnani, head of hedge funds at Investcorp, told Reuters.
“It’s something that we’re seriously looking at,” Gurnani added. “We’d love to work with these funds.”
According to Gurnani, such funds are “languishing,” but an investment from a firm like Investcorp could both reassure existing investors and give a firm the visibility and stability to attract new institutional investors.
As with traditional seeding, Investcorp, which has yet to re-seed a mid-sized manager, would take a portion of its revenues in addition to investing in its fund.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…