Mon, Sep 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SkyBridge Capital: What's behind the "best incubation environment in 30 years"

Friday, March 19, 2010

From Kirsten Bischoff, Opalesque New York:

Hunting for seed money has always been an active part of asset-raising within the hedge fund community. Typically an investment space reserved for those familiar with and enthusiastic about developing promising talent, seed money often came from successful managers who helped startups spinning out of their own portfolio teams (ie, Julian Robertson's Tiger cubs). Over recent years seeding has also taken the shape of formal investment funds, with an asset base drawn mainly from high net worth individuals and family offices. However, in today's hedge fund environment these seed funds are finding investors outside their normal base are very interested in finding a way to fully participate in the industry as it begins to rebuild.

"The seeding model has gained mainstream acceptance," says Anthony Scaramucci, Managing Partner at SkyBridge Capital. SkyBridge, which launched in 2005 oversees the annual SkyBridge Alternatives (SALT) Conference every May in Las Vegas, NV, and was most recently revealed in the WSJ to be in advanced acquisition discussions to purchase Citi's $4bn fund of funds business. (Source).

Seed funds have two specific factors on their side: current launch quality and added manager control The fina......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N