Hunter Point Capital Seeks Financing to Repay Fund Investors (1)

Hunter Point Capital is raising a new investment vehicle backed by an existing fund and will use the proceeds to return cash to investors.

The firm aims to raise $425 million through a special-purpose vehicle that will issue notes and receive cash flows from its Hunter Point Capital Fund I, which holds stakes in private equity firms including L Catterton, Coller Capital and Pretium Partners, according to people with knowledge of the matter, who asked not to be identified discussing confidential information.

Hunter Point raised $3.3 billion for that fund in March. Goldman Sachs Group Inc. and ...