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Dyal Capital Makes Another HF Acquisition

Jan 21, 2013
Jing Chen

Private equity firm Dyal Capital Partner is on an acquisition spree as it purchased another minority stake in a hedge fund.

A senior executive at New York-based Halcyon Asset Management told eVestment that the transaction was completed in “late December.” Under the agreement in which Neuberger Berman-owned Dyal acquired a 20% passive stake in Halcyon, the firms will continue to operate under the same names.

“Nothing will change,” the undisclosed executive added. Other terms of the transaction were not disclosed.

The Halcyon executive also said that Dyal approached the hedge fund for acquisition because of its “high quality group of investors, stable and experienced management team and excellent reputation.”

Halcyon is the fourth hedge fund Dyal has bought a stake in within the last month.

With approximately $200 billion in assets, Dyal Capital seeks to acquire minority equity interests in institutional hedge fund firms around the world. Halcyon manages about $12 billion in assets. 


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