Saturday, 1 November 2014
Last updated 17 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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