Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. July 26, 2017

Activist Sandell Urges Barnes & Noble Board To Explore A Sale

Sandell Asset Management Corp., the sometimes-activist hedge fund, is urging Barnes & Noble Inc. to explore a sale amid a hostile environment for retailers. The New York-based hedge fund said it has built a “meaningful position” in Barnes & Noble, in a letter to the bookseller’s board on Tuesday. Sandell said the company should explore a sale, which could fetch more than $12 a share, or a 69 percent premium over where shares closed on Monday. “Stakeholders would be better served if Barnes & Noble were operated as a private company or as a division within a larger company, which...
Read by 71% of LPs July 13, 2017

HarbourVest Wraps Up Fourth Co-investment Fund At $1.75B

HarbourVest Partners has closed its fourth oversubscribed co-investment fund at a hard cap of $1.75 billion, beating its original $1 billion target. The limited partners of HarborVest Partners Co-Investment IV include private and public pensions, corporations, foundations and family offices from all over the world. 
Read by 64% of LPs July 10, 2017

Markets No Longer Make Sense To Macro Managers

After spending three decades focusing on things like economic trends, currency moves, politics and policy, Spindel has been confounded by markets shaped by low volatility, algorithms and more. He finally gave up and closed his nine-year-old hedge fund. “I felt the intensity of following markets at a time of increasing political and economic confusion very hard,” said Spindel, founder of Potomac River Capital in Washington. “My entire career had centered on an understanding of monetary politics and I had trouble getting my head around it all. It was exhausting.” These are troubled -- and troubling -- times for macro managers,...
Read by 51% of LPs July 09, 2017

Black Swan Dexteritas

At Black Swan Dexteritas, we are dedicated to generating strong financial performance for our investors and fostering long-term relationships with our clients to create exceptional investment opportu...
Read by 39% of LPs June 30, 2017

Investor Tells Jurors She Felt Betrayed By Hedge Fund Operator Shkreli

She testifies that the money manager accused of fraud told her she had made a big profit, then closed a hedge fund and avoided repaying her $300,000.
Read by 64% of LPs June 13, 2017

THL Credit Advisors Raises $511M For Third Direct Lending Fund

The credit investment arm of private equity company Thomas H. Lee Partners has raised $511 million for its third direct lending fund reportedly aimed at mid-sized private companies in healthcare, financial services and software. The new fund from THL Credit Advisors LLC was oversubscribed and closed above its target, the company said in a statement. The firm's lower middle market direct origination platform offers vertical specialization and synergies with its tradable credit platform and private equity parent.  "The successful close of this fund is an acknowledgement of our experience as a leading, specialized lender in the lower middle market and...
Read by 30% of LPs May 26, 2017

DC Capital Partners Hits $450M Hard Cap With First Institutional PE Fund

DC Capital Partners Management has raised $450 million in capital commitments for its first institutionally backed private equity fund and its second vehicle overall.  The new fund, named DC Capital Partners Fund II, closed at its hard cap, the company said. It will make control, private equity-only investments in U.S. middle market companies in the government services and engineering & construction services businesses. 
Read by 47% of LPs May 18, 2017

Yann Robard’s Whitehorse Closes Debut Liquidity Fund At $400M

Canadian private equity firm Whitehorse Liquidity Partners has closed its debut fund at a hard cap of $400 million, well above the original $300 million target. Whitehorse Liquidity Partners Fund I, which will make preferred equity investments in private equity portfolios, was backed by a range of institutional and individual limited partners. 
Read by 49% of LPs May 17, 2017

Here’s Where Hedge Funds Invested In The First Quarter

An employee closes the Snapchat Spectacles by Snap Inc. vending machine pop-up store after sunset in the Venice neighborhood of Los Angeles. The favorite new bets by hedge funds ranged from the predictable Facebook Inc. to the less known VCA Inc., a pet-service provider. Many companies attracting the most hedge fund money in the first quarter have either agreed to deals or closed them. Dow Chemical’s $78 billion merger with DuPont Co. is expected to close in August. Liberty Media Corp. purchased Formula 1 in January, Mead Johnson Nutrition Co. agreed to buy Reckitt Benckiser Group during the first quarter,...
Read by 48% of LPs May 10, 2017

GoldPoint Closes Fourth Mezzanine Fund At $1.3B

New York Life affiliate GoldPoint Partners said it closed a fourth mezzanine fund, GoldPoint Mezzanine Partners IV, on April 17 with $1.3 billion of commitments. The investor base includes public and private pension funds, financial institutions, insurance companies, family offices and a number of high-net-worth individuals.
Read by 79% of LPs