The $7 billion firm is looking for a strategic partner for its new $250 million seeding platform.MD Sass, which manages approximately $7 billion, is in the early stages of preparing to launch a second version of its $273 million seeding fund.
The new seeding platform, which is expected to roll out with about $250 million, will mirror the existing fund, which invests in hedge funds, private equity firms, separate accounts, long-only managers and lending platforms. A launch date has not been set, although it could be as soon as yearend.
In 2006, Australian bank Macquarie Group joined MD Sass to form MD Sass-Macquarie Financial Strategies, a private equity joint venture between the two firms. The