Launches & Closures

Tyrus eyes $1bn for new event-driven fund launch


Tony Chedraoui
Tyrus Capital, the big London-based event-driven operation headed by former Deephaven man Tony Chedraoui, is understood to be raising substantial assets of around $1 billion for a new fund called Tyrus Capital Opportunities.

It is thought that the new fund will pursue a different event-driven strategy from the firm’s flagship Tyrus Capital Event fund – looking to exploit value opportunities arising from hard catalyst situations, possibly with some arbitrage component.

By contrast, the flagship global event fund focuses solely on hard-catalyst corporate actions such as M&A and divestments, capital-raisings, management change and restructurings.