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Laxman Pai, Opalesque Asia: The D. E. Shaw group, a global investment and technology development firm, has raised $1.1bn across a pair of new funds.
The US manager, a large multi-strategy player with more than $60bn across its investment range, said in a press release that two new funds, D. E. Shaw Voltaic Fund, and D. E. Shaw Diopter Fund, are focused on private market investment opportunities.
The firm's entities, principals, and employees contributed more than $150 million in total to the new funds. These fundraises represent the latest milestone in the long-term buildout of the firm's private investing strategies, said the release.
D. E. Shaw Voltaic Fund is a closed-end vehicle expected to primarily target investments in privately owned enterprises, particularly those in the post-seed or growth equity stages of their lifecycles.
Voltaic, which received more than $450 million in capital commitments, is overseen by the D. E. Shaw group's Fundamental Equities team. Edwin Jager, a managing director who oversees Fundamental Equities, serves as the fund's portfolio manager.
D. E. Shaw Diopter Fund is a private credit-focused fund primarily pursuing investments related to synthetic securitizations, which aim to help banks manage risks and enhance balance sheet and business model efficiency.
Diopter, which received more than $650 million in capital commitments, is overseen by the D. E. Shaw group's Regulatory Capital Optimization Strate...................... To view our full article Click here
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