Goldman Fund Buys Stake In N.Y. Credit Hedge Fund

Apr 2 2008 | 4:24pm ET

A Goldman Sachs private equity fund that invests in hedge fund management firms has bought a stake in a New York-based credit shop.

The US$500 million Petershill Fund has taken a minority ownership position in Claren Road Asset Management, Hedge Fund Alert reports. It is the third such stake taken by Petershill within the past year and its first outside of London, where it is based.

Terms of the deal were not disclosed.

Claren Road manages some US$2.7 billion in its long/short vehicle, Claren Road Credit Fund.

Petershill had previously invested in Capula Investment Management and Winton Capital Management.


In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...