Aug 11 2006 | 12:00am ET
New York-based investment management firm MD Sass has teamed up with financial services firm Macquarie Group to manage a $273 million private equity fund that invests in emerging managers. The fund, which was originally launched by MD Sass in 2004 to make seed investments in specialized fund managers, been renamed M.D. Sass-Macquarie Financial Strategies, L.P.
Steven Shenfeld, senior managing director at MS Sass, said the fund will continue its current strategy of providing funding and operational support to emerging managers. The fund has already backed four asset management firms—Ascent Real Estate Advisors, Waterfall Asset Management, Energy Arbitrage Management and Denahi Global Investments—and plans to seed another 10-15 in the coming years.
Mar 10 2014 | 11:33am ET