Friday, 31 July 2015
Last updated 13 min ago
Dec 9 2013 | 12:48pm ET
Perry Capital's former Asia chief has achieved the largest hedge fund launch of the year in the region, netting more than US$1 billion for his second fund.
Hong Kong-based Asia Research & Capital Management's existing investors—who number a mere 15 to 20—pledged the full US$1.1 billion raised for the firm's Fund II. Barring a larger launch in the next three weeks, Alp Ercil's ARCM will house the largest Asia launches of both 2012 and 2013; the firm closed its first fund last summer with US$940 million.
ARCM employs a private-equity style strategy, and has fully invested its first fund. Indeed, Fund II is actually more like a p.e. fund, boasting a five-year lifespan. Fund I has a three-year lifespan with a possible one-year extension.
Ercil set up ARCM in 2011, after Perry closed its Asia office. Ercil spent about a decade at the hedge fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…