Reuters – Dyal Capital Partners, a private equity fund set up to take stakes in existing hedge fund firms, has closed to new money after raising $1.28 billion, showing that demand to invest in the sector persists despite recent poor performance.
Dyal closed the fund after attracting money from more than 40 global institutional clients and beating its $1 billion target, asset manager Neuberger Berman, which will run the fund, said in a statement on Monday.
