Friday, 29 August 2014
Last updated 6 hours ago
Jan 4 2011 | 1:28pm ET
TA Associates, a private equity fund with a taste for asset managers, has added another to its stable.
The Boston-based firm has taken a minority stake in fund of hedge funds Evanston Capital Management. Terms of the deal were not disclosed, but TA said that "there are no changes planned to Evanston Capital's investment philosophy and process, day-to-day operations or personnel.
Evanston, based in the Chicago suburb of that name, was founded in 2002 by former Northwestern University chief investment officer David Wagner. It has some $4.2 billion in assets in two commingled funds of hedge funds.
Wagner and Evanston's other principals have signed multi-year contracts and non-compete agreements as part of the deal.
"Evanston Capital has a blue-chip management team with a long track-record of successfully investing in hedge funds," Todd Crockett, the TA managing director who will represent the firm on Evanston's board of managers, said. "Based on a proven and rigorous investment process, the firm is focused on delivering top-tier results and high-touch investor service and reporting."
Evanston joins some 13 other asset managers TA has invested in over the past two decades, among them hedge funds Jupiter Fund Management, K2 Advisors and AIM Management Group. TA has also invested in Affiliated Managers Group, which itself invests in hedge funds and other asset managers.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...