This Week's Fund Closings

Dec 22 2005 | 10:01pm ET

Loomis Sayles has held a soft close of the Consumer Discretionary Hedge Fund, its first hedge fund offering, with $240 million. Once the fund reaches $300 million, only existing investors will be allowed to invest. Investments, the funds will invest in short-term notes backed by hard assets.

• Private equity firm JLL Partners has closed its fifth JLL Partners Fund with $1.5 billion in commitments. Investors in the fund include large universities, endowments, corporate pension funds, state and union pension plans, family offices and fund-of-funds. Credit Suisse First Boston acted as financial advisor and arranged for the private placement of the limited partnership interests.

Rustic Canyon / Fontis Partners has held a fist close of its private equity fund with $70 million in commitments and aims to raise a total of $150 million in financing. The fund will provide growth capital to cash-flow positive companies with annual sales of $10-70 million that serve the Hispanic and Asian markets in the Western United States. Initial investors include CalPERS, the Banc of America California Community Venture Fund, CalSTRS/Banc of America Capital Access Fund, The New Mexico State Investment Council and Wells Fargo Bank.

• Chicago-based private equity firm Wynnchurch Capital has closed its Wynnchurch Capital Partners II fund with $350 million in commitments, exceeding its original target by $50 million. The fund will invest in middle market companies in the Western U.S. and Canada. Investors in the fund include Goldman Sachs, the Credit Suisse First Boston Customized Fund Investment Group, Caisse de depot et placement du Quebec, The Local Government Pensions Institution (of Finland), Power Corporation of Canada, Grove Street Advisors, General Electric Pension Trust and Nordea Investment Management. The firm's first fund closed in 2000 with $163 million in commitments. Wynnchurch Capital now has $500 million in assets under management.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.