Another hedge fund edges down the private equity route

The TriAlpha Oceana Concentrated Opportunities Fund will invest in both public and private global equities with individual investments accounting for as much as 25 per cent of the fund’s capital. A maximum of 50 per cent will be invested in private or illiquid investments and the fund is expected to have a seven-year life.

The founders are investing a minimum of €63m in the fund and are anticipating a first closing by April with at least €110m of equity. Leverage of up to 70 per cent will be utilised providing an initial asset base of around €200m.

David Sable, TriAlpha Group CEO, commented, ‘This is a fund that provides investors with an opportunity to invest alongside the founders, capitalising on their entrepreneurial investment approach, international network and strong blend of business, investment and fund management skills and experience. We will seek investments with the potential for strong capital growth where we have developed insights and understanding of both the opportunities and the risks. Our analysis will typically emphasise the management, business model, sector, valuation and any catalysts or other pertinent factors. This fund is about concentrating investments in assets we want to own with people we want to back at valuations we consider compelling.’

The firm said that their new fund will not be constrained by geography, sector or size and will seek investments in both developed and emerging markets.

The TriAlpha Group, a wholly owned subsidiary of the Stonehage Group, is an asset management house with an absolute return bias established in 1998. It offers a range of multi-manager, hedge and boutique equity funds. Stonehage Group provides international families with wealth management and fiduciary services. The group has $20bn of assets under administration and has offices in Switzerland, the United Kingdom, Jersey, Israel and South Africa.

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