Blackstone gets co-investment rights in HK hedge fund
Private equity giant Blackstone Group has upped its exposure to Asia-focused hedge fund Senrigan Capital. By injecting a further $50 million into the vehicle, it will be able to co-invest with Senrigan on a number of projects.
Blackstone first backed the firm in 2009, when it seeded its fund with $100 million. It later provided an extra $50 million, and the vehicle's assets grew to $1 billion in 2011 - making it one of only...
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