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NEW Firm/Fund Launches & Allocations

Highfields Spinoff Solel Partners to Start Trading Later This Year

Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, two people familiar with the matter said.

Boston-based Solel, which is being launched by Craig Peskin and Peter Fleiss...

Westwood Alumnus On Track for Big Launch

A former top executive at Westwood Holdings has lined up at least $150 million for the launch of a long-only vehicle.

Mark Freeman, who previously ran the multi-asset investment team at the $16 billion Westwood, plans to begin trading on July 1 from his newly formed Socorro Asset Management of Dallas. Day-one limited partners include a Texas endowment and a family office that invests the fortune of the late real estate developer Fred Trammell Crow...