Northern Lights, Hermes To Launch Hedge Fund Platform

Sep 7 2011 | 8:20am ET

Northern Lights Capital Group is joining forces with the $1.6 billion U.K.-based alternative advisory boutique Hermes BPK Partners to launch an investment platform giving institutional investors access to emerging hedge fund managers.

Seattle-based Northern Lights manages about $11 billion through its portfolio companies.

In addition to providing an investing framework, the partners will invest what they term “acceleration capital” in early-stage hedge funds and seed capital in new hedge funds. The platform will also provide hedge funds with resources like sales and marketing.

“As a firm, our expertise lies in finding great investment teams and engaging with them to create outstanding investment organizations,” said John Zimmerman, Northern Lights managing director. “We believe this focus on investment talent and our willingness to roll-up our sleeves to support these firms’ growth sets us apart from other seeders.”

The companies say their joint venture brings together their complementary skills, including substantial experience in sourcing and selecting investment teams, identifying and evaluating risk drivers, engaging with manages to ensure operational efficiency and facilitating growth through marketing and distribution.

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