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North Creek and Butler Capital form JV to service early stage and small hedge fund managers

Wednesday, September 19, 2012
Opalesque Industry Update - North Creek Advisors, LLC and Butler Capital Investments, LLC announced that they have formed a joint venture to enhance North Creek’s business of partnering with early-stage and small hedge fund managers to improve the managers’ businesses and raise assets.

The venture, called North Creek Butler (“NCB”), will work to accelerate and promote NCB’s hedge fund partners’ growth and success by strengthening the manager’s operations and investment processes. NCB’s 16-person team, led by North Creek’s Steven Bloom and Bruce Wilson, and Butler Capital’s Alan Butler, includes a dedicated sales group with extensive investor relationships that will also spearhead capital raising efforts on behalf of NCB’s affiliated managers. In addition to manager partnerships, NCB is pursuing relationships with large investors to create dedicated, bespoke early-stage manager investment programs.

“We believe smaller and early stage managers, if carefully selected and managed, can be among the best performing hedge fund investments. Coming together with Alan and his team gives us a terrific opportunity to add even more value for smaller managers and investors,” said Mr. Bloom. “We look forward to working with our managers and connecting them with investors at a point in the manager’s life-cycle when they often generate their best returns.”

“We are excited to work with North Creek to bring the best smaller managers to investors,” said Mr. Butler. “Through our exclusive long-term partnerships with managers, North Creek Butler’s business model helps managers create enduring businesses with sound operations and robust processes that are more attractive to investors.”

North Creek is a hedge fund acceleration firm founded in 2010 that enters into strategic partnerships with select early-stage managers to help them institutionalize and grow their business. North Creek currently has partnerships with three managers: Nantahala Capital Management, Academy Investment Management and JAC Capital Advisors.

Prior to North Creek, Mr. Bloom founded Sagamore Hill Capital Management, a global multi-strategy hedge fund. Before Sagamore Hill, he was a founding partner of the Susquehanna International Group, an international proprietary trading firm. Mr. Wilson is the former Chief Operating Officer of Third Point. He also served as President and Chief Operating Officer at Quantitative Financial Strategies, a quantitative hedge fund. Earlier in his career he was controller at Long-Term Capital Management.

Founded in 2001, Butler Capital is a registered broker-dealer and global capital placement firm specializing in the procurement of assets for alternative investment managers. Butler Capital has leveraged its global network of more than 1,200 investors, including family offices, endowments, foundations, pension funds, insurance companies, fund of funds and private banks to raise over $4 billion for various investment strategies. Prior to founding Butler Capital, Mr. Butler was a senior sales professional at Lehman Brothers and Morgan Stanley.

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