New York (HedgeCo.Net) – Investcorp’s hedge fund business has agreed to seed NY based investment manager Kortright Capital Partners LP. Kortright is the newest asset manager to join Investcorp’s Single Manager Platform, which has a total of $2 billion in client and proprietary assets under management. Historically, Investcorp provides initial seed capital ranging from $50 to $100 million.
“Through this partnership with Kortright, the Single Manager Platform can now provide investors with access to a hedge fund manager with expertise in monetizing opportunities stemming from corporate activity,” said Nick Vamvakas, Managing Director, head of development for Investcorp’s Single Manager Platform. “Current market conditions have fostered an attractive environment for event equity strategies, and Kortright is one of very few true specialist managers in this space.”
“Investcorp was one of the first proponents of emerging managers, and their support validates our differentiated approach to event equities,” said Mr. Taylor. “We have found a likeminded partner whose experience as an investor and seeder will prove instrumental in growing a platform that can deliver our specialized product to institutional investors.”
Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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