Ex-Deutsche Bank Securitization Head Partners With Harvest

Mar 6 2012 | 7:22am ET

More than a year after setting up his hedge fund, former Deutsche Bank securitized products chief Gregory Park is set to launch his maiden offering—as a joint venture.

Park's Northstone Peak Capital has partnered with Chinese asset management giant Harvest Fund Management, HFMWeek reports. The decision to partner with an established firm is a reflection of the difficult fundraising environment in Asia, especially for start-up managers.

Hong Kong-based Northstone will serve as Harvest's credit hedge fund platform in Asia. The new Harvest Northstone Capital hopes to raise US$150 million for its first fund, which will target large global allocators.

When he set up Northstone at the end of 2010, Park had hoped to launch a US$2 billion hybrid hedge-private equity fund by the middle of last year, with initial assets of at least US$250 million. The fund was to target returns of between 15% and 25% annually, investing primarily in new bonds and warrant-linked bonds.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note