LRV Capital, formed by ex-Millgate team, nabs $50m in first Stride seed deal
By Rob Copeland
Tue May 1, 2012
Long/short helmed by Mark Rooney finally gets started.
A team from liquidated Millgate Capital has secured the first
seed deal from Stride Capital, a $50 million agreement that
long-awaited fund to get off the ground, according to
people familiar with the strategy.
LRV Capital, based in New York and led by former Millgate
partner Mark Rooney as portfolio manager, began trading in
April with a long/short equity strategy focused on companies
based outside the U.S. The firm targets midcap companies
ISSN: 2151-1845 / CDC10004H
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.