Hedge Fund Launches Hybrid Private Equity Vehicle

Mar 12 2008 | 10:35am ET

Global multi-strategy hedge fund shop Lionhart is taking on private equity investments with its latest offering, a hybrid private equity fund. 

The new vehicle, dubbed the Lionhart Talon Private Equity Fund, is a Cayman-based master-feeder fund featuring nine segregated portfolios permitting investors to choose from a smorgasbord of private equity investments.

Within the fund, investors can choose from blended investments; minerals, mining and natural resources; property development; energy investments; alternative energy and environmental products; technology offerings; mezzanine and bridge financing; ethical investments; or Sharia compliant investments. 

Unlike traditional p.e. funds, Lionhart Talon will operate as an open-ended investment fund with monthly subscriptions and liquidity permitted between three and five years, depending on the share class that the investor holds. And rather than relying on capital calls to make new investments, Lionhart Talon will accept full payment from investors at the time of subscription and deploy those assets toward liquid investments.

Lionhart, which recently opened an office in New York, was founded in 1993 by Terry Duffy and currently manages more than $850 million globally across several strategies and funds.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...