Sunday, 19 April 2015
Last updated 10 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…