In a HedgeCo story today Investcorp's hedge fund co-managers said they have raised over $2 billion for their Single Manager Platform. Debuted in 2005, the platform supports emerging talent in the hedge fund industry.

Investcorp provides between $50 million and $100 million in seed capital to the managers along with support for marketing and ongoing risk monitoring to avoid style-drift and other operational concerns. Investcorp's hedge funds team of more than 100 professionals oversees approximately $8 billion in assets under management, of which approximately $2 billion is proprietary capital.

The Single Manager Platform is part of Investcorp's larger suite of hedge fund solutions, which includes fund of funds, customized portfolios and structured products. Today, it has more than 30 institutional investors in the platform, which comprises six managers with a range of investing strategies.