Arrowgrass Capital Partners Raises $600M For M&A Fund

Mar 31 2016 | 8:06pm ET

Arrowgrass Capital Partners has raised more than $600 million for an event-driven M&A fund launched last October.

The fund, named the Arrowgrass Customized Solutions I Fund, which be managed by Arrowgrass event-driven head Michael Edwards, according to a Bloomberg report citing a source with direct knowledge of the matter.

The fund will reportedly run for 18 to 24 months and will seek to leverage moves in companies that have both been named as acquisition targets and in those doing the acquiring. Edwards has been with Arrowgrass since 2010 and held positions at Nusa Capital Management and D.E. Shaw prior to joining the firm.

London-based Arrowgrass was founded in 2008 by former Deutsche Bank trader Henry Kenner and a group of associates. The firm manages a total of approximately €4.48 billion, according to Reuters, and was up 0.54% for the year to date through early March. 


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

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of