Hound Partners Seeks to Raise $500m for Long-Only Funds

The New York-based Tiger Seed is looking to attract capital to the funds, which did well last year, and is also opening capacity in its hedge funds.

Jonathan Auerbach’s New York–based hedge fund firm, Hound Partners, is looking to raise $500 million for its long-only funds, which produced very strong gains in 2014, according to its year-end letter, obtained by Alpha.

In addition, the firm is opening up $100 million of capacity for its hedge funds, which will be available only to existing investors, according to the letter.

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