Blue Pool Capital raises $1.4B for new private equity fund Riverside
What's the deal? Blue Pool CapitalDealroom has a profile for this one. Try Dealroom →, the Hong Kong-based investment firm managing wealth for Alibaba co-founder Joseph Tsai, has raised roughly US$1.4 billion for its new private equity fund, BPC Riverside, L.P. The Maples GroupDealroom has a profile for this one. Try Dealroom → advised on the fund's formation and launch, acting as Cayman Islands legal counsel.
Who's behind it? Blue Pool Capital is a multi-strategy firm managing assets for Tsai, its senior management, and what it describes as "a group of the world's most influential families." It invests globally across public equity, private equity, real estate, and credit.
What's the endgame? The firm's portfolio spans technology, media, sports, consumer products, industrials, and financial services. Riverside marks what Maples called "a meaningful milestone in Blue Pool Capital's continued growth."
Who worked on it? A Maples Group team in Hong Kong led by partner Josie Ainley, with associate Susanna Su, advised the fund. "We are delighted to have supported Blue Pool Capital on the successful launch of Riverside," Ainley said.
The signal: A US$1.4 billion private equity vehicle points to continued appetite among large family offices to deploy capital into direct and fund investing, even as public markets tighten. For firms like Blue Pool, private equity offers a route to back sectors from technology to sports on longer time horizons.
Read more: Maples Group
Image credit: Ray Devlin
