Yesterday, independent investment group, Weston Capital Management LLC and Zurich-based Harcourt Investment Consulting AG, announced their strategic alliance in the seeding and development of new hedge fund businesses.
Launched through Weston’s Capital incubation platform, the alliance will marry Weston’s experience in early stage hedge fund investing and marketing with Harcourt’s investment knowledge in global manager selection, due diligence and risk management.
“Seeding and incubation is a highly specialized field in the area of hedge fund investing,” said Stephen Fritz, CEO of Harcourt. “We are pleased to combine our institutional investment process with a leading firm in the seeding space, and we look forward to a successful strategic collaboration.”
Weston Capital’s hedge fund seeding platform, which operates through the Weston-Atlas Partners Fund and the Weston Capital Partners Fund II, has provided sponsor capital for thirteen emerging hedge fund managers since January 2004. For this alliance, Weston plans to close its third incubation fund, Partners III, at $250 million with Harcourt providing investment infrastructure and risk management.
“Through our collaboration with Harcourt, we will further expand our seeding platform with a valuable institutional long-term partner that brings enormous alternative investment expertise to the table,” said Albert Hallac, Chairman and Founder of Weston Capital Management LLC. “The partnership brings the strengths of each organization together to form a robust and far reaching strategic incubation business.”
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