As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redemptions.
Rosebrook Capital Partners, as the fund is called, has now started trading and according to a recent letter to investors, Mr. Lawrence, and his team are spoilt for choice when it comes to finding illiquid hedge fund interests.
According to Rosebrook’s research, there was $625 million of illiquid hedge fund investment supply as of June 1, 2016. Interests are available in funds across the spectrum such as credit funds, long/short equity funds, even driven funds and litigation financing funds.
Setup a free account to get access to this article (no credit card required).
Login required to continue reading.
