Tuesday, 13 October 2015
Last updated 15 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…