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Several firms were identified that target stakes in hedge fund operators and managers. These include Affiliated Managers Group, Aligned Asset Managers, Alpha Strategic, Ascalon Capital, Blackstone, Dyal Capital, Foundation Capital, and FRM Capital. They differ in the types and sizes of managers they target, with some focusing on startup funds and others on more established funds, and some are actively deploying capital from investment funds while others are fundraising or have limited remaining capital to i

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