ValueAct Capital Hedge Fund Seeks $1.5 Billion In New Funding

Dow Jones reported that ValueAct Capital Management LP "plans to raise up to $1.5 billion in new funds, joining a group of activist investors who are gearing up to target a fresh crop of companies next year.”


The report indicated that the approximately $15 billion San Francisco-based hedge fund firm hasn't raised new money in several years but “wants investors to agree to keep their cash with the firm for three to five years, according to existing and potential clients.”

“ValueAct could use the funds to increase the size of existing stakes in companies, but it also has some new ideas, according to a person familiar with the firm. Investors said ValueAct hasn't told them what new companies it may target,” according to Dow Jones.


The report noted that ValueAct prefers “to add long-term value to companies, working behind the scenes with management rather than seeking to fight publicly like many activists.”