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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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TPG Completes Acquisition of Octavian Advisors

Jul 23, 2013
Jing Chen

TPG Special Situations Partners, the credit and special situations platform of private equity firm TPG Capital, announced Tuesday that it has completed its acquisition of now-defunct hedge fund manager Octavian Advisors.

Under the agreement, TSSP will acquire an undisclosed significant stake in “several Octavian funds,” and will also serve as the general partner and investment manager management of “several Octavian funds.” The acquisition will make TSSP and its affiliates the largest investor in Octavian.

eVestment reported last year that Octavian announced to investors that it will shut down due to double-digit losses in 2012 through August.  

TSSP manages about $6 billion in assets, with extensive experience with global public and private investments executed through primary originations, secondary market purchases and restructurings.

Source: 

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