Point72 Ventures, the venture capital unit launched last
year by Steve Cohen’s family office, has made its
first investment of the year. It participated in a financing of
Street Contxt, a global communications company, according to Crunchbase.com.
The amount of the investment and the size of the financing were
not disclosed since the round is still open, according to betakit.com, which reports on
Canadian startup news and technology. Altogether, the company
has raised $15 million since its launch. In January 2016, the
company raised $8 million in a Series A financing.
This is at least the fifth investment made by Point72
Ventures. It describes itself on its website as an early-stage
venture capital strategy funded exclusively by Cohen and
eligible employees of Point72 Asset Management. It seeks to
invest in emerging technologies in the financial services
industry. "This is not just about writing checks," Matthew
Granade, the chief market intelligence officer of Point72, told
Bloomberg last year. "We want to do this
in spaces where their products can help us invest with greater
Bienville Argentina Opportunities Fund continues to roll,
gaining 5.4 percent in March. It is now up 22.9 percent for the
year, making it one of the best performers this year. Since its
July 2014 inception the fund is up 70 percent.
Dyal Capital Partners II has made a
minority investment in Sound Point Capital, a credit-oriented
alternative investment firm with more than $11.5 billion of
assets under management. Sound Point was founded in 2008 by
Stephen Ketchum, along with principals of Stone Point Capital,
a private equity firm. Ketchum has more than 25 years of credit
structuring, advisory and investment management experience.
Dyal is affiliated with Neuberger Berman Group. Altogether,
Dyal Capital Partners, created in 2011 to invest in
institutional alternative asset management businesses, manages
three permanent capital funds and has 21 existing minority