Hedge Funds

Michael Dell's seeding platform backs start-up

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SkyBridge Capital, the hedge fund seeding vehicle set up by Michael Dell's family office, has made its third investment this year - providing strategic capital to the newly formed Abdiel Capital of New York.

SkyBridge Capital will also devote a team of professionals to provide the firm with business-building support.

Abdiel, which began trading in March, is led by Colin Moran and Geoff Gentile. The firm runs a long-biased equity fund focused on concentrated value investments.

Moran, Abdiel's managing director, is a former partner at Chieftain Capital, a long-only concentrated value fund. Prior to that, Moran worked as