TPG's Bonderman Launches Liquid Alts Business

Apr 7 2015 | 11:44am ET

TPG Capital’s David Bonderman is backing a new business that will offer retail access to the same hedge fund strategies used by his family office.

The new company, named Infinity Q Capital Management, is being backed by the veteran private equity investor’s family office, according to media reports.

The company will offer liquid alternative mutual funds that mimic the hedge fund strategies utilized by the family office’s money managers when investing Bonderman’s money.

The family office, set up in 2011 to manage the money of Bonderman and a small group of friends and relatives, has assets under management of $1.3 billion, according to regulatory filings. It is run by Leonard Potter, who previously managed private equity investments for George Soros. 

Infinity Q already oversees $51 million, according to the reports. It’s Diversified Alpha Fund’s Class A shares have a $1,000 minimum and carry sales charges of as much as 5% and management fees of 1.99%.

Liquid alternatives, which provide a mechanism for individual investors to access the complex strategies often utilized by hedge funds, are one of the fastest-growing segments in the money management business. Investors piled a record $16.5 billion into liquid alternatives in 2014, according to fund research company Morningstar.  

Total assets deployed in liquid alternative strategies have reached nearly $160 billion, the Morningstar data shows.

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