Tuesday, 1 September 2015
Last updated 4 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…