TPG Backs Hedge-Fund Seeder HS Group

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of