Joe Tsai-Backed Blue Pool Lures $500 Million for Hedge Fund Bets
- New fund attracted a sovereign wealth fund, family offices
- Harborside will also allocate money to private credit funds
This article is for subscribers only.
An investment firm backed by Alibaba Group Holding Ltd. Chairman Joe Tsai has raised $500 million to invest in hedge and private credit funds, according to people familiar with the matter.
The new fund is part of Blue Pool Capital’s long-term strategy to build an asset management business that’s open to external clients, the people said, asking not to be identified because the information is private.