Blackstone Plans Two HF Seeding Deals

Blackstone’s hedge fund seeder, Strategic Alliance Fund II, is in discussions with two managers to seed their hedge funds.

Blackstone’s hedge fund seeder, Strategic Alliance Fund II, is in discussions with two managers to seed their hedge funds, Reuters reports. The firm is close to signing a deal with a new fund managed by Michael Pearl, a veteran of Duquesne Capital and Howard Shainker, who previously worked for Third Point Capital. The firm has already seeded Kingdon Capital manager, John Wu and former Credit Suisse commodities trader George Taylor. The Blackstone vehicle has so far raised around $2.4 billion.

Click here for the story from Reuters.