Investcorp Backs Distressed-Debt Fund Eyck Capital

Apr 3 2014 | 10:35am ET

Nascent hedge fund Eyck Capital Management has won a big backer.

The London-based distressed-debt specialist has entered into a strategic relationship with Bahrain-based alternative investments giant Investcorp. The latter’s U.S. hedge fund business will provide Eyck, founded last year by Khing Oei, with an undisclosed amount of acceleration capital.

“Investcorp has an excellent track record of identifying high-quality emerging managers,” Oei, formerly of Goldman Sachs and Halcyon Asset Management, said. “Their support is a strong validator of our investment approach to European opportunities.”

Investcorp normally provides funds with between US$50 million and US$100 million in seed capital.

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