Hedge Funds

Chenavari takes investment from Neuberger alternatives arm

The $5 billion European investment manager becomes the latest to accept outside investment to help it grow

Chenavari is based in Luxembourg
Chenavari is based in Luxembourg Photo: iStock

Highly-regarded hedge fund Chenavari Investment Managers has become the latest firm to accept outside investment to help it grow its client base.

The Luxembourg-based European credit and alternatives firm, which manages $5.4 billion for its clients, has sold a 10% economic interest to Dyal Capital Partners, an alternative investment unit of Neuberger Berman.

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