Hedge Funds

Eton Park readies private equity fund

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Eton Park Capital Management plans to launch its first pure private equity fund in January 2007 as firm founder Eric Mindich seeks to capitalize on the firm's most profitable strategy.

The firm expects to raise between $300 million and $500 million for the new portfolio, which is being called the Emerging Markets Overflow Fund. The fund, open to existing investors, will focus largely on Latin America, though it will also explore opportunities in the emerging markets of Europe. The new fund will be managed by the same investment team that oversees the flagship fund's private equity portfolio.

Eton Park,