Monday, 30 November 2015
Last updated 2 days ago
Jun 21 2012 | 12:17pm ET
GB Merchant Partners is gearing up to launch its second debt fund.
GB, the investment division of Boston-based Gordon Brothers, hopes to raise $500 million for its 1903 Debt Fund 2, Hedge Fund Alert reports. Like its predecessor, the new vehicle will invest exclusively in junior secured loans of between $10 million and $50 million to mid-sized companies. It will also be able to buy on the secondary market.
If GB hits its fundraising target, 1903 2 will be nearly three times the size of its first debt fund, which closed in 2006. GB also manages $485 million in a stock fund, the 1903 Equity Fund.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…