Dell’s MSD Capital Raises $780 Million for Energy Hedge Fund
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MSD Capital LP, the money-management firm that oversees Michael Dell’s fortune, raised almost $780 million for a hedge fund that will invest in energy companies, according to a regulatory filing.
MSD Energy Partners LP, based in New York, received the backing from 25 investors, according to a Form D filed today with the U.S. Securities and Exchange Commission. The fund will be run by Brian Frank, a former employee at Cumberland Associates, a New York-based hedge fund that invests in oil and gas stocks.