Fund closes, launches and targets across private markets — who is raising, how much, and how it compares with the last one.
Top storyHedge funds
Windrise Capital, a new commodity-focused hedge fund founded by former GIC portfolio manager Hao Dong, targets $200m–$300m and received in-principle approval from Singapore's Monetary Authority; planned Q1 2027 launch with macro strategy leveraging Chinese commodity data.
Millennium Management's latest capital raise expected to finalize ~$22bn of commitments on 1 October, exceeding the $20bn target with >$30bn total investor demand; firm explores additional $3bn credit strategy vehicle.
Minerva Investment Management launches short-biased hedge fund with Michael Burry as senior adviser, targeting private credit weaknesses; fund size undisclosed.
TC Alternatives and Reform Capital announce first close of litigation fund.
SoMa Equity Partners, a technology-focused hedge fund managing $2bn at closure (peak $4bn in 2021), is winding down and returning capital to investors after founding in 2016.
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