Nightscape signs accelerator capital deal with Grosvenor

Fri May 4, 2012

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Nightscape Capital, the London-based credit and capital structure arbitrage firm led by former Citadel and Sandelman portfolio manager Nick Stukas, has taken a major step forward with the agreement of a significant accelerator capital deal with the big US-based fund of funds group Grosvenor Capital Management.

Under the terms of the agreement, Grosvenor is believed to be committing $75 million for three years to the Nightscape Global Value Fund in a revenue-sharing deal - taking the assets under management in the strategy close to $150 million.

Chicago-based Grosvenor has been...

ISSN: 2151-1845 / CDC10004H

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