Mergers & Acquisitions / Joint Ventures

Nightscape signs accelerator capital deal with Grosvenor


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 involved in the alternative investment industry since 1971 and currently