Blackstone Seeding Fund Garners Interest, Millions

Mar 25 2011 | 12:20pm ET

Investors can't seem to get enough of the Blackstone Group's new hedge fund seeding vehicle.

The firm's Strategic Alliance Fund II, which launched last year, has garnered some $355 million over the last four months, Reuters reports. The fund has raised at total of $2.4 billion, more than twice what its predecessor seeding fund managed.

Most of the new money has come from institutional investors, including pension funds and central banks. But Blackstone is also generating traction among high-net-worth investors.

The first Strategic Alliance fund invested in eight hedge fund saplings; its successor has already chosen three: Sureview, founded by former Kingdon Capital manager John Wu, former Credit Suisse commodities trader George Taylor's new fund, and Harbor Bridge, headed by former Duquense Capital Management emerging markets manager Michael Pearl. The seeder is also in talks with Howard Shainker, formerly of Third Point, who is also launching a hedge fund, according to Reuters.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

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 ...

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.