LionRock Capital will stop taking investment from external investors, Bloomberg reports. The firm will only manage capital provided by the partners in a long-term fundamental investing manner, functioning as a family office or endowment model.
The total funds under management are valued at nearly $100 million, while the initial capitalization was $75 million. The Singapore hedge fund firm was started by TPG-Axon Capital Management’s founding partner Hari Kumar and Julian Snaith in 2009.
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