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The Sovereign Funds get hungry to invest | Advantage zyaada

Hedge fund investors seem to be back in play with Bloomberg TV reporting that Nelson Peltz s likely to close a $1.5 bn fund successfully. Peltz is likely getting support from the recently active Middle East Sovereign Wealth funds in AgBank and neighbours that have been quite  thru the recession. The $1.5 billion fund will invest in all the Nelson Peltz pet projects, investment opportunities likely in Lifestyle Brands looking for life saving advice or hoping to turn around fortunes.

Peltz is on the board of Wendy’s / Arby’s , T J cinnamon and Pasta Connection. He got two Directors on board at Heinz in 2006 after a public spat and also managed to use his 3% influence at Cadbury Schweppes to sell off the beverages. He already owns 3% at Kraft.

Billionaire Nelson Peltz is seeking to raise $1.5 billion for a fund aimed at buying minority stakes in public companies, according to two people with direct knowledge of his plans.

Peltz, who oversees New York-based hedge-fund firm Trian Fund Management LP, is marketing the investment pool as a private-equity fund because client money will be locked up for longer than with most hedge funds, said the people, who declined to be identified because the information is private. The fund will seek representation on the board of companies in which it invests, said one of the people.

Peltz, 68, is the largest investor in fast-food chain Wendy’s/Arby’s Group Inc. and is known for buying stakes in companies and then pushing them to increase their value by cutting costs or merging. He is venturing into private equity at a time when fundraising is at an eight-year low and firms struggle to revive leveraged buyouts amid stricter lending conditions.

“Due to the lack of debt financing, private equity investors will direct money increasingly towards listed companies, with the aim to exert influence over the companies’ strategy,” said Jeremie Le Febvre, partner at Paris-based Triago, which advises funds seeking to solicit investors. “The frontiers between private and public equity are blurring.”

2 comments on “The Sovereign Funds get hungry to invest | Advantage zyaada

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This entry was posted on July 13, 2010 by in Private Equity, Retail Lifestyle, US and tagged , , , .

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