Atlanta, Georgia based BlueArc Capital Management has raised $39 million for a new hedge fund.
The BlueArc Multi-Strategy Fund began selling on April 1, 2014, according to regulatory filings. Minimum investment in the new fund—as in all BlueArc funds—is $250,000.
Keel Point Advisors, a multi-family office with an ongoing relationship with BlueArc, is co-investment manager of the fund.
Ronald Zazworsky, Jr. is founder and CEO of BlueArc which began operations in 2005, providing alternative investment funds to family office and qualified purchaser investors with a primary focus on private equity and hedge fund investment strategies.
As of March 17, 2014 BlueArc, which runs a number of other strategies, had $279 million in discretionary and non-discretionary assets under management.
Attempts to contact BlueArc for comment were unsuccessful as of press time.