Paul Hudson’s Glade Brook Capital Partners is once again passing the hat for a new fund that will invest in private companies. The Tiger Grandcub has raised at least $37.5 million for the fund, Glade Brook Private Investors VII, according to a regulatory filing. The minimum investment is $1 million. There are no further details in the filing.
We reported in July that the Greenwich, Connecticut firm launched Glade Brook Private Investors VI. We also recently reported that the firm now manages about $1 billion, down from $1.3 billion the previous quarter and $1.439 billion at year-end. Glade Brook’s public equity vehicles now account for just $313 million of the $1 billion total, while private equity vehicles account for $730 million. This compares with $684 million in hedge funds and $755 million in private equity funds at year-end.
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Boston-based Adage Capital Management has boosted its stake in Cynapsus Therapeutics to 650,000, or 5.36 percent of the total outstanding of the specialty pharmaceutical company.
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Jason Karp’s Tourbillon Capital Partners more than doubled its stake in SunOpta to more than to 5.22 million shares, or 7.6 percent of the organic food company. The New York hedge fund firm owned two million shares of the stock at the end of the second quarter.
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Daniel Och’s New York-based Och-Ziff Capital Management boosted its stake in SouFun Holdings to 14.9 million shares, or 5.09 percent of the Chinese real estate Internet portal.
