Tuesday, 21 October 2014
Last updated 22 min ago
Oct 5 2007 | 11:27am ET
Prairie Village, Kansas-based Jayhawk Capital Management is currently prepping its second China-focused private equity fund. Jayhawk Private Equity Fund 2, set to be launched in the first quarter of 2008, has a target of between $250 million and $500 million, with Jayhawk’s management committing more than $25 million to the new offering.
The fund will invest in traditional private equity, private investments in public equity and small-cap public companies listed in China, Hong Kong and the U.S.
Jayhawk’s $133 million Private Equity Fund 1 is about 75% invested and should begin making distributions to investors sometime in early 2008, according to Rowena Scherer of Jayhawk.
The new offering has a six-year investment period and charges a 2.5% management fee. Its minimum investment requirement is $1 million for individuals and $5 million for institutions.
The firm also manages a flagship $560 million China-focused hedge fund dubbed the Jayhawk China Fund, which started trading in January 1997 and moved to a long/short equity strategy in 1999. The fund has compounded annual return of 26.08% since January 1999 through the end of August.
Scherer said the firm will hold a soft close on its flagship hedge fund by year-end.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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