Fresh Off $1.3B Raise, Hedge Fund Investor Keeps Spending

Law360, New York (January 3, 2013, 6:05 PM EST) -- Dyal Capital Partners LP, a $1.28 billion private equity fund that invests in hedge fund managers, has bought a minority stake in Scopia Fund Management LLC, its fourth such investment since its launch a year ago.

Terms of the deal, including the size of Dyal's minority stake and the purchase price, were not disclosed. 

Scopia, which manages about $3.4 billion in assets, will retain control over its operations and investments, and managing partners Matt Sirovich and Jeremy Mindich will remain at the helm. Scopia is reinvesting...
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