New Holland Capital has initiated a new unit, Plum Island Partners, to recruit internal investment staff, moving away from its previous fund-of-funds model. Omar Qaiser, the former COO of North Rock Capital, will lead this new platform. The competition for investment talent is intense, driven by megafunds offering lucrative payouts and the demand from private equity and credit firms. Although smaller platforms cannot match the payouts of larger firms, they can attract talent by focusing on niche investment strategies with limited capacity.
"While the majority of our platform will continue to be composed of external teams, we've now established Plum Island Partners to serve as New Holland's internal trading and operations arm."
"While our focus on niche, capacity-constrained strategies will not change, this evolution allows us to expand the universe of potential PMs to include those who have no interest in running a business."
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