Joe Tsai-Backed Blue Pool Raises $500 Million for Hedge Fund Investments

Reported 9 months ago

An investment firm supported by Alibaba Group Holding Ltd. Chairman Joe Tsai has gathered $500 million to invest in hedge and private credit funds. Blue Pool Capital's new fund is part of a long-term strategy to expand its asset management business to external clients and attract investors interested in various asset classes such as private equity, venture capital, real estate co-investment opportunities, and more. The firm, registered in the Cayman Islands, is targeting family offices globally and a major sovereign wealth fund as clients, with a focus on diversifying investments amid geopolitical risks and elevated interest rates.

Source: YAHOO

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