Skandinaviska Enskilda Banken (SEB) has rolled out its second hedge fund seeding vehicle, the Manager Catalyst Fund (MCF) II, HFMWeek reports. The Scandinavian banking group closed the fund at the start of the month with assets worth $300 million.
Several Nordic pension funds and other institutions have invested in the fund. The vehicle, which is likely to select its first seed within the coming three months, follows the same hybrid private equity and funds of funds model as SEB’s debut MCF. The new MCF intends to allocate to six emerging managers.
Click here for the story from HFMWeek.