Hunter Point Capital has raised $2.66 billion for its debut fund, Hunter Point Capital Fund I, a GP stakes investment vehicle, exceeding its original target of $2.5 billion, according to a report by BuyoutsInsider.
Hunter Point Capital has raised $2.66 billion for its debut fund, Hunter Point Capital Fund I, a GP stakes investment vehicle, exceeding its original target of $2.5 billion, according to a report by BuyoutsInsider.
The reporter cites Form D documents as revealing the total raised so far although it is not known at this point whether Hunter Point intends to continue Capital raising for the fund.
If fundraising were to close at this point, Hunter Point Capital Fund I would already be among the 10 largest GP stakes pools raised, according to Buyouts data.
GP stakes funds acquire long-dated minority interests in private equity and other alternative asset managers in exchange for a share of income. The major players in the space are Blue Owl Capital’s Dyal Capital, Blackstone GP Stakes, and Goldman Sachs’ Petershill Partners.
Fund I has made seven minority investments to date, including a deal backing secondaries firm Coller Capital, and investments in two private equity firms – mid-market-focused Inflexion, and consumer industry specialist L Catterton.
