Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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NY HF Raises $5B for New Fund

Mar 18, 2013
Jing Chen

New York-based hedge fund firm Highbridge Capital Management has raised $5 billion for a mezzanine debt fund.

Dave Miller, the spokesperson for Highbridge, confirmed to trading news outlet 4-Traders that Highbridge has finished fundraising for the new fund. 

The fund will be the largest mezzanine debt fund since the financial crisis. Mezzanine funds invest in the risky side of a company's debt spectrum in exchange for higher returns.

Founded in 1992, Highbridge sold a majority stake to JP Morgan & Chase in 2004 and was completely bought out by the bank in 2009. It manages about $29 billion in assets.

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