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Dyal Capital raises $1.28 billion for hedge fund stakes

Reuters – Dyal Capital Partners, a private equity fund set up to take stakes in existing hedge fund firms, has closed to new money after raising $1.28 billion, showing that demand to invest in the sector persists despite recent poor performance.

Dyal closed the fund after attracting money from more than 40 global institutional clients and beating its $1 billion target, asset manager Neuberger Berman, which will run the fund, said in a statement on Monday.

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