Ex-Perry Asia Head Ercil Nets US$440M For Hedge Fund

May 11 2012 | 11:59am ET

Perry Capital's former Asia chief has raised more than US$400 million for his new hedge fund.

Alp Ercil launched the private equity-style hedge fund last year, after Perry Closed its Hong Kong office and parted ways with Ercil and 32 others. The new vehicle will invest in distressed debt and equities in the Asia-Pacific region.

Ercil has raised US$440 million for the fund.

As befits a p.e.-type fund, Ercil's new vehicle has a three-year lockup that can be extended. It will charge both management and performance fees, although the latter will be collected only when returns are realized.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...