TORTOLA, British Virgin Islands, Feb. 22, 2011 (GLOBE NEWSWIRE) -- The Praetorian Global Fund, Ltd. ("Praetorian") announced its official launch today. The hedge fund is committed to investments in clean tech and new media companies, as well as consumer & retail, energy & power, financial services, industrial, infrastructure, real estate, healthcare, and telecommunications. The Fund will remain exclusive after formation, boasting a five million dollar minimum investment and a one billion dollar validation.
Praetorian plans to pay a management fee of 2% per annum ( 0.5% per quarter ), an incentive fee of 25% of net asset value appreciation subject to hurdle, calculated as 8% per annum, simple interest return, on the net asset value of the shares.
"We are grateful for the unprecedented interest investors have already shown in our philosophy and vision, and we are confident that Praetorian will quickly emerge as a leading hedge fund," said Brad van Siclen, Praetorian's managing director."Our commitment to our portfolio companies combined with our uniquely exclusive investor base and superb professional alliances set us up for a promising future."
The Praetorian Global Fund has partnered with KPMG, Conifer Securities, Ogier, as well as Bank of America and Merrill Lynch for its professional services.
About The Praetorian Fund:
The Praetorian Global Fund is an investment firm combining the disciplines of traditional private equity, venture capital, and related debt and lending strategies to provide business-building solutions to growing firms across nearly all industries. As one of the world's most agile investment teams, we have the ability to use our operational, investment, and markets experience to provide a one stop solution for management teams at any point in their company's life cycle. Our vision is global; our partners, international; our companies succeed. Find out more:
CONTACT: Bradford van Siclen E-mail: email@example.com