Dallas hedge fund Park City Capital is set to launch a new small-capacity special opportunity fund.
The new vehicle will debut early next year, helmed by JPMorgan Chase veteran Michael Fox. According to HFMWeek, the new fund will eye a specific opportunity to invest in.
The Park City Capital Special Opportunity Fund has won commitments from the fund's existing investors. The firm plans to market it to only a handful of possible investors, among them family offices, institutions and some individual investors.
Those select few will have to pony up at least $500,000, the fund's minimum investment requirement. Merlin Securities serves as prime broker.