Northern Lights and Hermes launch accelerator fund with Taurasi allocation
By Lawrence Delevingne
Mon Mar 18, 2013
Ex-UBS O'Connor credit head Mark Melchiorre off to fast start.
New hedge funds now have another option to secure early-stage
||Mark Melchiorre (Photo: Fairfield
Hermes BPK Partners, a money management affiliate of U.K.
communications company BT Group's pension, has partnered with
U.S. private equity firm Northern Lights Capital Group to
launch a new accelerator fund.
The first allocation from the $250 million fund is to
Taurasi Capital Management, the trading-oriented credit firm
launched by former UBS O'Connor credit chief Mark Melchiorre in
September. The exact terms of the deal were not disclosed, but
a person familiar with the situation said the allocation was
between $50 million and $100 million, included a revenue...
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