Private equity firm Dyal Capital Partners has acquired another minority stake in a hedge fund.
Pensions & Investments reported that under the agreement, New York-based MKP Capital Management will continue to operate under its own name. Other terms of the transaction were not disclosed.
The article also said that Dyal Capital, which is managed by Neuberger Berman Group, approached executives at MKP twice before the hedge fund agreed to a sale. MKP is Dyal Capital’s fifth hedge fund investment.
eVestment reported last week that Dyal Capital announced that it bought an undisclosed minority stake in New York-based hedge fund Scopia Fund Management.
Dyal Capital seeks to acquire minority equity interests in institutional hedge fund firms around the world. MKP has about $6 billion in AuM.