Wright Capital Partners, a Chicago-based buyout shop, is considering raising a hedge fund in the range of $100-150 million in the next 12 months that will likely invest in distressed debt, said William Burford, managing director.
A hedge fund will allow the firm greater flexibility such as making short-term investments and raising capital under different strategies. Currently, the private equity firm has $100 million in assets, but is targeting $150 million by year-end, said Burford.