New Managers September 2018

LAUNCHES

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Manny Friedman’s $6.9 billion hedge fund firm, EJF Capital, is raising money for real estate projects in low-income neighborhoods, seeking to take advantage of incentives created by last year’s U.S. tax overhaul. The so-called opportunity fund will start by bankrolling ground-up development in designated zones across the country. The Arlington, Virginia-based money manager is seeking to raise about $500 million for the strategy, according to two people with knowledge of the matter who asked not to be identified because the information isn’t public.

Tailwind Capital has closed Tailwind Capital Partners III at $1.8 billion of commitments. The Fund exceeded its initial target and was oversubscribed. The Fund will pursue the same investment strategy Tailwind has employed since its inception - partnering with experienced management teams and entrepreneurs in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Tailwind primarily targets companies with enterprise values up to $250 million.

Malaysia’s TA Investment Management has launched its first Chinese equities fund, positioning it as a way to provide investors with exposure to China’s growth potential. The TA All China Equity Fund (TACEF) aims to “provide long-term capital growth through investment in equities or equitiesrelated securities of Chinese companies”, the firm says in a statement on September 20.

Jupiter has unveiled a flexible income ......................

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