Richmond Park Buys Fund Of Funds Olympia

Feb 4 2011 | 2:13am ET

French fund of hedge funds firm Olympia Capital Management has been acquired by investment advisory Richmond Park Partners.

The London-based firm bought out private equity firm Sagard and Olympia's managers to take control of the US$2 billion fund of funds, one of the oldest in Europe. Terms of the deal were not disclosed.

"For us, it is a transforming deal," Richmond Park's Nirav Hathi told Financial News. "But we will continue to offer advisory services as well as investing in businesses as principal."

"Funds of hedge funds have been out of fashion, but we believe they can earn their fee by offering investors access to funds on a comprehensive basis."

Olympia founder Marc Landeau will remain an advisor to the firm, while CEO Laurent Duperyon will continue to lead the firm.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note