Tiger Seed Hound Partners Closes Long Funds to New Investment

Jonathan Auerbach has told clients he won’t open the sought-after funds until at least 2017, barring exceptional opportunities.

Jonathan Auerbach’s Hound Partners is closing its long-only funds to new money just 18 months after their launch.

In the New York-based firm’s July 17 letter to clients, obtained by Alpha, Auerbach says he has reached his capital goal and therefore “won’t be taking any material amount of additional capital until at least 2017, barring an exceptional market opportunity or other unusual circumstances.”

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