Toscafund Said To Launch New €300M Fund

Sep 13 2017 | 10:13pm ET

Martin Hughes’ multi-asset manager Toscafund Asset Management is prepping a new private equity fund that will focus on small- and mid-sized European companies in the financial and business services sectors.

The company is targeting €300 million for the new fund, which will be managed by former AnaCap Financial Partners executives Fabrizio Cesario and George Koulouris, according to a Reuters article.

The new launch is driven partly by a “secular” shift in the financial services industry, Toscafund added, which is creating opportunities for small and mid-cap companies. The fund will invest across the capital structure in debt and equity, and will reportedly aim for annual returns of 15% or more. 

Based in London, Toscafund was founded in 2000 by Hughes, formerly global head of financial research for the European unit of Julian Robertson’s Tiger Management Corporation. The firm manages $3 billion in assets deployed in a range of absolute return products, including an activist hedge fund strategy, on behalf of pension funds, international institutional funds, private family offices and high net worth individuals.

In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...


From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).