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Reservoir, Blackstone, Protégé, NewAlpha and Grosvenor make it to HFMWeek’s list of top 5 seeders

Friday, November 08, 2013

Benedicte Gravrand, Opalesque Geneva for New Managers:

HFMWeek’s "Seeding Top Five – 2013" survey, out yesterday (Nov.6), puts Reservoir Capital, which manages $5.6bn in assets, at the top of the list. "Reservoir Capital has completed just the one deal in 2013 so far – a reported $150m investment in the new fund from former Deutsche Bank flow-credit chief Antoine Cornut, Camares Capital," says the paper.

Number two is Blackstone, which did two deals in the last 12 months. "The latest recipients of tickets from the firm’s Strategic Alliance Fund (SAF) II vehicle are: London-based Bybrook Capital ($150m), from highly-rated Eton Park partner Rob Dafforn; and Princeton Alpha Management ($250m), a New Jersey-headquartered quant shop from Morgan Stanley PDT pro Shakil Ahmed," HFMWeek reports.

Number three is Protégé Partners, which apparently scaled back this year as it saw several redemptions and no fresh seeds. Protégé currently has capital for four deals.

Number four is NewAlpha Asset Management, which completed four deals in the last 12 months; "two allocations from its locally focused Emergence platform; the first ticket signed off by its Asian venture with South Korea’s Woori Absolute Partners; and the final $60m in its fourth Genesis fund."

Finally, number five is Grosvenor Capital Management, which completed three deals since starting its seeding fund in 2012, one of which i......................

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