Tuesday, 26 May 2015
Last updated 13 min ago
May 21 2012 | 11:19am ET
Nascent alternative investments fundraising firm Strategic Asset Partners is wasting no time when it comes to growth.
The boutique debuted in February in London and expanded to New York in March. Now, it's set to open its third office in Chicago—and is eyeing a West Coast outlet in Los Angeles, as well.
SAP plans to raise between US$500 million and US$1 billion for hedge funds and private equity firms; the firm is on the verge of agreements with several of the former, HFMWeek reports. SAP already boasts and investor client base including European pension funds and high net-worth investors and family offices in Europe, the U.S., China and the Middle East.
"Chicago was the birthplace of the CTA and has many interesting managers both discretionary and systematic; we hope to access strategies that are both interesting at a big-picture level and strategies that have innovative additional features, overlays or risk methodologies," Jeremy Penn, the former GLC researcher who now serves as SAP's head of structuring.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…