Paulson Protege Who Scaled Kilimanjaro Builds $1 Billion Fund
- Andrew Klaber’s Bedford Ridge Capital took over fund last year
- Ex-Paulson & Co. partner also teamed with Sternlicht on a SPAC
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A former Paulson & Co. partner has transformed a small investment vehicle he inherited from his old firm into a private equity fund with almost $1 billion of assets.
When Andrew Klaber’s Bedford Ridge Capital took control of Paulson Investment Co. I in October, the fund had just $169 million. Today, its capital and commitments exceed $900 million, according to a regulatory filing.