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Hedge Funds Push Deeper Into Private Equity’s Turf in Asia

  • Funds made dozens of bets on private companies since last year
  • Influx of cash brings competition to traditional venture firms
Bloomberg business news
WATCH: Asian hedge funds are pouring hundreds of millions of dollars into private investments, muscling into an area that has long been the preserve of private equity and venture capital. (Source: Bloomberg)
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Asian hedge fund firms are pouring hundreds of millions of dollars into private investments as they seek higher returns, muscling into an area that has long been the preserve of private equity and venture capital.

Aspex Management, Tybourne Capital Management, Anatole Investment Management and Lake Bleu Capital, which are based in Hong Kong and between them manage more than $20 billion, have made dozens of investments in private companies since the beginning of last year, according to public filings and people familiar with the matter, who asked not to be identified discussing private information.