Sale of Hedge Fund Side Pockets
Fund of Funds
Secondary Investor
$2,900,000
Joint Sale of Hedge Fund Side Pockets
November 2016
Conrad was engaged by a Fund of Funds to facilitate the sale of its interests in certain hedge fund side pockets ahead of a wind-down of its entity.
After thoroughly canvassing the market, Conrad identified another interested seller of the same asset which, when added with the Fund of Funds’ interest, generated a higher price from the strongest bidder.
Conrad further coordinated the exchange of transfer documents between the sellers, buyer, and transfer agent to the side pocket interests.