Astaris Capital Management a London-based event-driven and equity investment firm, has secured a $150m commitment from Blackstone which will be split 50-50 between its existing hedge fund and a new pool of capital with a drawdown structure, according to a report by Reuters.
Astaris was founded in 2020 by Martin Beck, who previously worked at private investment firm Centerbridge Partners and at JPMorgan. Beck was also a founding partner at hedge fund Sothic Capital, which invested in European distressed assets.
Astaris, which has more than $300 million in assets and has delivered an average annual return of 17% since inception, specialises in event-driven investments stemming from corporate reorganisations, bankruptcies, and mergers and acquisitions.
The report cites an unnamed source as revealing that Blackstone’s investment is the first from its Strategic Alliance Fund IV, which has over $1bn in assets.
