Tullett Prebon, one of the world’s leading inter-dealer brokers, has launched a primary placement business for alternatives to raise capital for hedge funds, private equity and other alternative investment funds.
The new move expands the broker’s activities in the hedge fund world. Tullett Prebon’s alternative investment desk began over a year ago to place secondary interests in alternative funds on behalf of institutional investors.
Tullett Prebon said it will adopt a bespoke approach to the primary placement business by structuring individual solutions for their clients. The team aims to leverage its buy-side experience coupled with its extensive reach