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Launches, closures, capital raises and portfolio-manager moves, for GPs, LPs, and fund service providers.
Top storyHedge funds
Kalshi raised a $1 billion Series G at a $40 billion post-money valuation, co-led by Wellington Management and Sequoia Capital. Participants included Baillie Gifford, Andreessen Horowitz, Coatue and Balyasny Asset Management.
The U.S. Treasury announced its first civil penalty under the Outbound Investment Security Program: $200,000 against investment firm Amidi, LLC for failing to notify Treasury of a covered transaction by its controlled foreign entity.
Harraden Circle Investments has appointed David Walch, a former King Street Capital partner and co-portfolio manager, as portfolio manager to co-manage a new opportunistic strategy across public and private markets. The strategy targets corporate credit, structured credit, real estate and real assets, including privately negotiated transactions.
Korea Investment launched a feeder fund into Morgan Stanley's $12.2 billion equity fund.
Situational Awareness is seeking investor money to join a Fluidstack funding round at a $40 billion valuation, more than five times its $7.5 billion January valuation. The hedge fund nearly collapsed earlier this year after margin calls and sold most of its public stock portfolio to Citadel.
Hedgeweek · also Yahoo Finance, Bloomberg
From the directory: US professionals, each profile drawn from the firm’s own public bio page.