Key Takeaways
- • ExodusPoint Capital Management is reopening to institutional investors and targeting capital raises of over $2 billion beginning in the second quarter of 2020, according to a memorandum to existing investors.
- • The hedge fund has successfully secured approximately $2 billion in new commitments, with backing from the Abu Dhabi Investment Council (ADIC) and other institutional investors, bringing total assets under management to approximately $14.5 billion.
- • Michael Gelband's multi-strategy platform continues to demonstrate strong institutional demand, positioning itself among the largest hedge fund platforms following its record $8.5 billion launch in 2018.
- • The fundraising activity reflects ongoing investor appetite for established multi-manager hedge fund platforms offering diversified investment strategies.
Summary
ExodusPoint Capital Management, founded by Michael Gelband, is reopening to new capital and targeting fundraising of more than $2 billion beginning in the second quarter of 2020. According to a memorandum sent to investors, the firm plans to provide an official capital-raising schedule in the coming weeks.
The hedge fund has already secured approximately $2 billion in fresh capital commitments, with significant backing from the Abu Dhabi Investment Council (ADIC) among institutional investors. This successful fundraising brings ExodusPoint's total assets under management to approximately $14.5 billion, reflecting the firm's continued ability to attract large institutional allocations.
ExodusPoint's capital-raising activity underscores sustained institutional demand for large, diversified multi-strategy hedge fund platforms. The firm previously achieved the largest hedge fund launch in history when it raised $8.5 billion in 2018 following its initial opening to external investors. The New York-based firm operates offices across major financial centers including Connecticut, London, Jersey, Singapore, Tokyo, Dubai, and Hong Kong, supporting its global institutional client base seeking alternative investment exposure with relatively steady return profiles.
The hedge fund has already secured approximately $2 billion in fresh capital commitments, with significant backing from the Abu Dhabi Investment Council (ADIC) among institutional investors. This successful fundraising brings ExodusPoint's total assets under management to approximately $14.5 billion, reflecting the firm's continued ability to attract large institutional allocations.
ExodusPoint's capital-raising activity underscores sustained institutional demand for large, diversified multi-strategy hedge fund platforms. The firm previously achieved the largest hedge fund launch in history when it raised $8.5 billion in 2018 following its initial opening to external investors. The New York-based firm operates offices across major financial centers including Connecticut, London, Jersey, Singapore, Tokyo, Dubai, and Hong Kong, supporting its global institutional client base seeking alternative investment exposure with relatively steady return profiles.
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