Wednesday, 29 June 2016
Last updated 19 min ago
Jun 4 2007 | 2:01pm ET
JPMorgan Chase’s Highbridge Capital Management is set to become the latest hedge fund to try its hand at private equity. The firm has reportedly hired Scott Kapnick, the former co-head of Goldman Sachs’ investment bank, to give it a foothold in the p.e. space.
The Financial Times reports that Kapnick will set up and run the new operation, which is expected to raise a pair of $1 billion to $2 billion funds. In addition to straight private equity deals, the new unit will also reportedly make long-term corporate debt investments.