Sunday, 2 August 2015
Last updated 1 day ago
Jul 3 2014 | 12:03pm ET
Private-equity giant TPG Capital has invested in Asian hedge-fund seeder HS Group, its first hedge fund investment specific to the region.
TPG has taken a stake in and set up a strategic relationship with the Hong Kong-based company, HS said today. Terms of the deal were not disclosed, although TPG Asia co-head Tim Dattels will join HS’s advisory board.
HS was founded by Michael Garrow and Johannes Kaps, formerly of the Blackstone Group and Goldman Sachs, respectively. The firm recently announced a seeding arrangement with Pleiad Investment Advisors, a new Asia-focused hedge fund founded by two veterans of Soros Fund Management, Tiger Asia Management and TPG.
“Pleiad’s founders illustrated the caliber of HS Group’s investment pipeline, having succeeded at TPG in Asia, as well as Tiger and Soros,” Dattels, himself a Goldman vet, said.
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…