Hedge Funds

APG backs new seeding fund


IMQubator, the hedge fund seeding platform backed by APG, will transform its current IMQubator Multi Manager Fund into a limited life vehicle that will be called IMQubator1, while simultaneously developing a second fund, which also will invest in hedge fund startups.

Both vehicles will be open to other institutional investors alongside pension asset manager APG.

IMQubator intends to attract an additional $142 million to its first fund from institutional investors. In a continued endorsement of the funds seeded by IMQ, APG has extended the $355 million commitment with a term of 3+1+1 years as of 31 December, 2011.