New York-based event-driven management firm O-CAP Management has made its hedge funds available to external investors, HFMWeek reports. The O-CAP Partners and O-CAP Offshore Fund will seek global allocators to reach a targeted $1 billion capacity.
The funds are a combination of private equity and traditional hedge funds and will invest in public equities and pre-IPO firms, along with distressed debt and structured financings. An opportunistic approach will be adopted by the funds, in order to focus on catalyst-rich prospects with an asymmetrical risk/reward.
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