Hedge Funds

XE Capital to open special opportunities fund


New York-based XE Capital is getting ready to open up a multistrategy fund it has been incubating since last year.

The XE Special Opportunities Fund began trading last April with partner capital. Since its inception it has returned approximately 8%.

Trading with partner capital since April, XE's new fund has returned around 8%

The primary focus of XE Special Opportunities is on first-lien and second-lien, mezzanine and asset-based direct lending and select equity investment opportunities across multiple asset types, including real estate, accounts receivable and other "special" assets in the United States and in select international markets.

XE Capital was