Tuckerbrook, HARDT Plans HF Incubator IPO

Aug 6 2008 | 10:24am ET

Funds of hedge funds Tuckerbrook Alternative Investments and HARDT Group Advisors are teaming up to form a hedge fund incubator. HT Capital Corp. will invest in emerging managers through senior loans and participating interest investments.

The new seeder aims to raise $300 million, according to a filing with the Securities and Exchange Commission, and expects to lend between $5 million and $50 million with average maturities of three to five years. The firm said it is focusing its investments in managers based in the U.S. with less than $100 million in assets under management or less than three years of performance history.

According to the filing, the firm is committing approximately $200 million (comprised of approximately $190 million in senior loans and approximately $10 million in participating interests investments) to eight emerging managers.
 
Hardt currently manages approximately $800 million in its Gamma Fund, which is comprised of over 50 hedge funds and private equity funds. Tuckerbrook was founded in 2003 and currently manages approximately $260 million in assets.


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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of