SkyBridge Makes ‘U’ Turn, Seeds Special Situation Shop

Oct 18 2007 | 12:36pm ET

Emerging hedge fund seeder SkyBridge Capital has invested in U Capital Group, a global special situation value shop.

In addition to infusing U Capital with funds, SkyBridge is providing “business-building support” to the firm, which is led by Jonathan Urfrig, managing partner and risk management head. Urfrig was most recently a portfolio manager at Third Point where he worked from 2002 through 2006.  Prior to that, he worked in private equity at Texas Pacific Group and in merchant and investment banking at Donaldson, Lufkin & Jenrette. 

Anthony Scaramucci, managing partner of SkyBridge Capital, said, “The U Capital team possesses a strong public market and private equity investment background, and we look forward to working together in partnership to build the business. “

U Capital is the eighth and final manager to be seeded out of the firm’s funds, SkyBridge Capital Partners and SkyBridge Capital Ltd.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of