Hedge Funds

EagleRock launches $100 million fund with three-year lockup


New York-based EagleRock Capital Management raised roughly $100 million for a new fund with a lengthy lockup.

The event-driven strategy, overseen by EagleRock chief Nader Tavakoli, will play bets that are similar to the firm's existing master portfolio, which includes credit and event-driven investments in the equity and distressed arena, typically in about a dozen core investment ideas.

The main difference will be that the new fund will have a lockup of three years, aimed at keeping investors in place to minimize volatility and maximize return potential for special-situation investments that require a longer duration.

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