Daily Market Updates: Blue Pool Capital raises $300 million for new hedge fund vehicle

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Blue Pool Capital raises $300 million for new hedge fund vehicle

The Joe Tsai-backed firm said the new vehicle targets hedge fund strategies and reached a first close of $300 million.

Reported · Written up by our desk · Hedge Funds

Blue Pool Capital, the investment firm backed by Alibaba chairman Joe Tsai, has raised $300 million in the first close of a new investment vehicle aimed at hedge fund strategies.

According to Hedgeweek, the raise supports Blue Pool Capital’s second hedge fund investment vehicle as demand for alternative investments continues to draw interest from wealthy investors and institutions.

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Sources

HedgeweekJoe Tsai-backed Blue Pool raises $300m for second hedge fund investment vehicle

ETFs & Funds

Blue Pool Capital raises $300 million for new hedge fund vehicle

More like this

Sources

Get the close, explained.