Blackstone-Backed Astaris Plans $300 Million Locked Hedge Fund

Martin Beck’s Astaris Capital Management is seeking about $300 million in a closed-end hedge fund with initial backing of Blackstone Inc.

The capital mobilization by the London-based firm for Astaris Dislocations Fund I LP is set to start in the coming weeks and last for the next year, according to a person with knowledge of the matter. Blackstone is investing $75 million in the strategy, the person said, asking not to be identified because the details are private.

The fund will operate similar to private equity with a two-year investing period after the fundraising and another two years to ...