Trafigura Launches PE Fund

Commodities trading house Trafigura is planning to double the size of its fund arm Galena with the launch of a new private equity fund and the roll out of a macro fund to outside investors, Reuters reported, citing an article in the Financial Times. Galena currently has about $1.8 billion under management. Chief Jeremy Weir told the FT he wanted to grow the fund arm into a $4 billion-plus business to capitalize on the opportunities created by the withdrawal of bank lending, Reuters wrote.

ManagersNorth AmericaUSBriefs