Hedge Fund Regal Seeks $1 Billion for New Fund on Expansion Push
- Feeder fund linked to Australian firm’s multi-strategy vehicle
- Regal eyeing more acquisitions in public and private markets
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Hedge fund manager Philip King’s Regal Partners Ltd. is targeting around $1 billion in fresh funds for a new vehicle in the Cayman Islands as it pushes ahead with its expansion plans.
Regal Partners Private Fund will be a feeder fund into the company’s Australia-based multi-strategy vehicle that posted a 19% return since its December inception. The fund includes private credit, water, power and resources and the flagship global long-short equity fund, which has returned 25% over the past year, beating around 97% of its peers, data compiled by Bloomberg show.