New hedge fund manager Eyck Capital Management received acceleration capital from alternative investment manager Investcorp U.S., confirmed Matthew Gross, Investcorp spokesman, in an interview.
The size of Investcorp's allocation is not being disclosed, but Mr. Gross said the firm's previous hedge fund seeding and acceleration investments have been between $50 million and $100 million.
Eyck Capital is an event-driven and distressed credit manager focusing on investments across a range of securities in European markets. The firm was founded in 2013 by Khing D. Oei, chief investment officer, who was a managing principal and portfolio manager at hedge fund manager Halcyon Asset Management until 2011.
Mr. Gross declined to say how much Eyck Capital managed prior to the Investcorp allocation. Mr. Oei did not return a call to his London office seeking this information.
Investcorp managed a total of $11 billion as of March 31, of which $2.5 billion was invested in hedge funds of funds; $2.2 billion in single manager seeding and acceleration deals; and $250 million was invested in special opportunities strategies.
