Hedge Funds, Private Equity Players Drive PIPEs Market In Q4

Jan 24 2011 | 10:35am ET

Alternative investment firms were the biggest and busiest players in the private investments in public equities space in the fourth quarter.

Hedge funds were the most active investors in terms of both deal volume and dollar volume, investing more than $5 billion in 287 deals, according to the PIPEs Report. Private equity and venture capital firms participated in the second-largest number of deals, 52, and had the fourth-largest amount invested in the fourth quarter at $938.6 million.

PIPEs Report said that the fourth quarter was the busiest quarter for the PIPEs market in more than two years.

Hedge funds crowded the lists of the biggest PIPEs investors on the quarter, both in terms of dollars invested and number of investments. Brookfield Asset Management took second in the former, with more than $2.3 billion invested, followed by Pershing Square Capital Management in fourth with more than $1 billion and the Blackstone Group in fifth with $656 million. Other deep-pocked alternatives firms included Paulson & Co., TPG Capital, Anchorage Advisors, the Carlyle Group, Thomas H. Lee Partners and Soros Fund Management.

In terms of deal volume, hedge funds were even better represented. Downsview Capital, Iroquois Capital and Hudson Bay Capital Management each participated in 25 or more PIPEs deals to take the top three spots on the list. Other busy hedge funds included Jayhawk Capital Management, AQR Capital Management and Deerfield Management.


In Depth

Hedge Funds Take Interest In ‘Soft Deposits’

Nov 19 2014 | 11:56am ET

New York-based Winchester Equities, headed by Avi Benamu and Jack Hazan, funds soft...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.