Friday, 9 October 2015
Last updated 6 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…