Money management firm, MSD Capital, has raised about $780 million for a hedge fund that will invest in energy companies, Bloomberg reports. New York-based MSD Energy Partners received the backing of 25 investors.

The fund will be managed by Brian Frank, a former employee at Cumberland Associates. MSD Capital was founded in 1998 by Michael Dell, founder and chairman of Dell, to manage his family’s investments.

Click here for the story from Bloomberg.

Click here for additional coverage from Reuters.