SkyBridge Capital, a hedge fund investor, closed its first fund, SkyBridge Capital Partners, according to a company statement. SkyBridge invests with emerging hedge fund managers and provides them with investment and business management advice.
Spokesman Jason Wright did not return a call seeking the size of the newly closed fund, but press reports put assets between $325 million and $330 million.
The firm has invested with Brompton Cross Capital Advisers, a global long-short equity fund focusing on the technology, media and telecommunication sectors, and Westport Capital Partners, which makes opportunistic public and private real estate investments. SkyBridge Capital is seeking more "talented early-stage managers," Anthony Scaramucci, managing member and a co-founder of the firm, said in the statement.
SkyBridge Capital is backed by MSD Capital, the investment firm managing the capital of Dell Computer founder Michael S. Dell and his family. "MSD has made a substantial investment in the fund as a limited partner and has entered into a long-term strategic relationship with SkyBridge," according to the company statement. Managing partners from MSD Capital are also on a SkyBridge Capital advisory committee.