Ralph Rosenberg has formed R6 Capital in New York and will launch its flagship $2 billion global credit R6 Capital hedge fund in October, according to a potential investor. According to Alternative Investment News, a CIN sister publication, the fund will invest in the full range of distressed securities. Rosenberg, the former co-head of Goldman Sachs' special situations group, left the bank in January and was not available for comment.
Anil Crasto, cfo, and Chris Halpin and Peter Rosenbloom, both senior investment strategists, were also hired to head the startup. Crasto was a partner at New York-based hedge fund Compass Group, which invests in Latin American markets. Halpin was v.p. of Providence, R.I.-based private equity firm Providence Equity Partners, which invests in media and communications companies. Rosenbloom was an associate at Oaktree Capital Management. None were available to comment.
The fund will carry a $10 million investment minimum. Investors will have two different investment options. For the two-year lockup, the fund will carry 2/20 fees and the third year it will carry a 3% management fee and semi-annual liquidity with six months notice. For the five-year hard lockup, fees are 1.75/17.5 and liquidity every five years with six months notice. Goldman Sachs is the prime broker.
