Tue, Mar 26, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2018

SEEDERS & PLATFORMS: PAAMCO launches seeding platform for emerging hedge funds, partners with Texas pension fund, Asia's leading institutional alternative funds platform expands into China with Shanghai Rep Office

 

PAAMCO launches seeding platform for emerging hedge funds, partners with Texas pension fund

Pacific Alternative Asset Management Company, has created the PAAMCO Launchpad, a coinvestment platform for seeding and supporting emerging hedge funds. Employees Retirement System of Texas is the inaugural partner with PAAMCO Launchpad.

ERS and PAAMCO believe the PAAMCO Launchpad platform will prove to be a compelling solution to help burgeoning managers with high-growth potential establish institutional-caliber firms. The ERS/PAAMCO Launchpad partnership builds on the long experience that both ERS and PAAMCO have in hedge fund investing, particularly with earlystage managers. By combining their vast resources, experience and investment capital, ERS and PAAMCO believe they can provide a meaningful opportunity to hedge fund managers that have the foundation to grow into successful and profitable businesses.

This newly created partnership also allows ERS to expand on its $1 billion emerging manager program with the goal of bringing such investments to nearly 10% of its externally managed investment portfolio. PAAMCO Launchpad is planning $3 billion in assets dedicated to supporting emerging managers

Andrew Gitlin serves as CEO of PAAMCO Launchpad. Mr. Gitlin has 30 years of experience building, launching and managing a variety of alternative investment opportunities, and was among the first to introduce a formal manager seeding program in 1992. Panayiotis Lambropoulos, a seasoned Portfolio Manager in the hedge fund industry and Portfolio Manager of ERS, is leading the ERS effort in this joint venture, with responsibility for identifying and reviewing potential investment opportunities. Jeff Willardson, Head of Portfolio Solutions for PAAMCO, will lead the manager due diligence for prospective PAAMCO Launchpad managers and provide access to the deep capabilities of PAAMCO on behalf of Launchpad investors.

......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Half of real estate investors are considering investing in opportunity zone funds (OZFs) in 2019[more]

    Laxman Pai, Opalesque Asia: A survey found that 51% of real estate investors were considering investing in opportunity zone funds (OZFs) in 2019, while a further 12% are interested in the longer term. A less widely publicized part of the 2017 Tax Cuts and Jobs Act in the US was the creation

  2. New Launches: WhiteBox duo plans to launch new event-driven distressed debt fund, UBP unveils credit long/short fund, Man GLG launches high yield fund for ex-Schroders manager Scott, Caisse de d?p?t et placement du Qu?bec launches $250m AI fund, Accel Partners raises $2.5bn across three funds[more]

    WhiteBox duo plans to launch new event-driven distressed debt fund From Bloomberg: Whitebox Advisors LLC colleagues Cindy Delano and Amit Patel have teamed up to form a hedge fund focused on event-driven and special situations that could arise as credit markets tighten. Invictus Glob

  3. Morgan Creek Digital makes strategic investment in Ikigai Asset Management[more]

    Laxman Pai, Opalesque Asia: Morgan Creek Digital Assets (MCDA) has made a major new investment in another crypto-related firm. The hedge fund is committing to a new fund launched by Ikigai Asset Management (IAM). MCDA, founded by Mark Yusko, Jason A. Williams, and Anthony Pompliano, said in a

  4. People: Head of top hedge fund association to step down, Former State Street Exec to lead Equity Trust, Affiliated Managers names Thomas Wojcik next chief financial officer, MoraBanc restructures following Goldman Sachs partnership, Franklin Templeton expands emerging markets equity team[more]

    Head of top hedge fund association to step down From The Hill: Former House lawmaker Richard Baker, who has led the Managed Funds Association (MFA) for more than a decade, announced Wednesday that he will step down at the end of the year. MFA, which represents the hedge fund industr

  5. Al Breach's hedge fund rockets to $1.4bn in assets[more]

    From Intelli News: A hedge fund founded by former Russian star strategist Al Breach has seen its assets under management rocket by 70% last year to almost $1.4bn, bne IntelliNews can reveal. Gemsstock's client assets climbed to $1.37bn by September 2018 from $830mn for the prior year, according to a