Launches & Closures

Brummer lines up big new ‘Carve’ equity and credit launch

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Brummer & Partners, the $14 billion Stockholm-based multi-strategy group led by Patrik Brummer and Klaus Jantti, is preparing to a launch a major addition to its range with a new global equity and credit fund that will combine long/short equity strategies with capital structure arbitrage.

The new Carve fund, which is expected to launch in October subject to approval from the Swedish Financial Supervisory Authority (Finansinspektionen), will look to generate high risk-adjusted returns by investing across a wide range of capital structure situations in both liquid and illiquid opportunities.

As a result the firm is seeking a relatively