Tue, Dec 1, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Multi-strategy alternative investment firm Sinai Capital raises $600m for venture capital, media funds

Thursday, November 19, 2020

Laxman Pai, Opalesque Asia:

Sinai Capital Partners said it has raised $600 million for two funds to finance impactful and social-change-oriented investments in tech, film and TV.

The investment firm that manages a diverse portfolio of private equity strategies that span media, entertainment, and technology said that it has closed $500 million that it will invest in late-stage software and technology companies across various categories.

And New Slate Ventures has secured $100 million to finance and produce films, documentaries, and television with an emphasis on intersectionality, inclusivity, and cultural impact.

The additional capital brings the combined assets under management by the Los Angeles-based group to $800 million.

The fund has investments in 85 companies, including such notables as Pinterest, Roman Health, and Hippo Insurance. With its newest raise, Sinai Ventures will focus on investing in growth-stage and pre-IPO companies. Sinai originally incubated out of Eagle Advisors, the family office of one of the founders of software giant SAP.

"Much like the entrepreneurs we back, Sinai believes the adoption of technology presents a global opportunity to change lives for the better," said Managing Partner Jordan Fudge. "To that end, we are mission-driven to discover teams building impactful companies across the world."

Partner Zach White adds, "We have long been dedicated to the thesis that the power of technology is the key to creating a more prosp......................

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. Renaissance, Two Sigma see losses as quant giants navigate chaos, Hedge fund run by BofA veterans trounces 99% of Brazil peers, Amid a tough year, CQS makes changes - and sees a rebound[more]

    Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q

  2. Investing: Hedge funds bet on tech ahead of unpredictable fourth quarter, The Tiger crowd's fresh buys, raises Uber stake, David Einhorn adds Twitter and Intel shares, keeps big bets on inflation, Palantir stock rockets to record highs as hedge funds disclose stakes, Trian dumped GE stock, but Druckenmiller stood pat in Q3 as SEC probe heated up[more]

    Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will

  3. SPACs: As Ackman hunts blockbuster deal, he counts on big backers[more]

    From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u

  4. Bill Ackman is bullish on stocks for 2021, but has a hedge position for a 'tragic' end to 2020[more]

    From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to

  5. SPACs: Media, energy-focused SPACs raise $561m in market debuts[more]

    From Law 360: Two blank-check companies, one led by former Disney executives and the other backed by Apollo Global Management, started trading Wednesday after raising a combined $561 million in initial public offerings. Forest Road Acquisition Corp. raised $261 million in its upsized debut, wh