Stillwater, Matrix Debut Domestic ABL Fund Of Hedge Funds
Nov 15 2007 | 10:40am ET
U.K.-based Matrix Group and Stillwater Capital in New York recently launched an onshore version of their new Stillwater Matrix Fund, a fund of hedge funds that will invest in about 50 underlying asset-backed lending strategies.
The offshore fund launched in August and has already raised $60 million in partner capital. The domestic fund debuted Nov. 1 and the firms aim to raise a total of $300 million between both funds by early 2008.
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