Sunday, 4 October 2015
Last updated 1 day ago
Jul 17 2014 | 12:45pm ET
TPG Capital’s first hedge fund is opening its doors to clients after posting impressive early returns.
The private-equity giant launched the stock fund last year. The vehicle invests in listed stocks, seeking to deploy “all of the data, research and intellectual property” of TPG’s $50 billion p.e. portfolio, Justin Nunez, a marketer at the firm, told potential investors in a recent letter.
TPG and an unidentified partner seeded the vehicle, run by former Conatus Capital trader Alex Gleser, with $100 million last summer, according to Hedge Fund Alert. The fund has since returned 24% and now manages $150 million.
In addition to the letter, TPG has been meeting with small groups of investors to discuss the strategy, HFA reports.
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…