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April 2015
Case

Domeyard: Starting a High-Frequency Trading (HFT) Hedge Fund

By: Lauren Cohen, Christopher Malloy and Matthew Foreman

The principals at Domeyard, a start-up high frequency trading (HFT) hedge fund based in Cambridge, faced a myriad of important decisions: which markets to trade on, how to raise capital, and from whom to raise capital. Many of these decisions were standard for... View Details

July 2011 (Revised September 2018)
Case

Nashton Partners and Its Search Fund Process

By: Richard S. Ruback and Royce Yudkoff

Nashton Partners was a search fund founded by two HBS MBA's that raised $500,000 to finance a search for a company that they could purchase and then run for the next five to ten years. The case examines the search fund structure, the two-year search, and two potential... View Details

Keywords: Acquisition; Capital Structure; Financing and Loans; Investment Funds; Partners and Partnerships

03 Jun 2021
Blog Post

HBS Pilots First Impact Investing Fund

This year, HBS piloted its first student-run Impact Investing Fund, focused on investing in BIPOC-led and owned small businesses in the Massachusetts area. Since launching, the fund has raised $200k,... View Details

24 May 2012
News

It Takes a Village to Raise an Entrepreneur

06 Aug 2014
News

Why Raising Venture Capital is Wrong for Your Company

2024
Working Paper

Primary Capital Market Transactions and Index Funds

By: Marco Sammon and Chris Murray

We document the effects of mechanical buying by CRSP-index-tracking funds on post-IPO returns and IPO deal structure. Leveraging a difference-in-differences-style design built on a 2017 CRSP rule change, we find that expected index fund demand leads fast track IPOs to... View Details

Keywords: Investment Funds; Initial Public Offering; Investment Return; Price; Market Transactions; Financial Markets

SSRN

October 2020 (Revised June 2021)
Case

Francisco Partners Private Credit Opportunity Fund

By: Luis M. Viceira, John D. Dionne, Soracha Prathanrasnikorn and Ari Sunshine

In April 2020, Scott Einsenberg, the Head of Credit at the private equity firm Francisco Partners, is deciding whether to go ahead with extending a private lending agreement to Eventbrite, Inc. (NYSE: EB), a leading global event management and online ticketing... View Details

Keywords: Private Debt; Private Credit; Industry Evolution; Private Equity; Investment; Analysis

October 2012
Case

Winfield Refuse Management, Inc.: Raising Debt vs. Equity

By: W. Carl Kester and Sunru Yong

A small, publicly traded company specializing in non-hazardous waste management considers a major acquisition in the Midwestern U.S. The acquisition can provide entry into the region, help the firm compete in a competitive industry, and improve its cost position. The... View Details

Keywords: United States; Acquisitions; Capital Structure; Equity Capital; Debt Management; Expansion; Leveraged Buyouts; Financial Analysis; Administrative/Support/Waste Management/Remediation Services; Equity; Borrowing and Debt; Service Industry

01 Mar 2019
News

The HBS Fund

develop and grow. Putting An HBS Education Within Reach Diamond Richardson (MBA 2019) gets her work ethic from her mother, who earned a college degree while raising two young children. “She taught me that you can do anything if you really... View Details

22 Feb 2017
News

Funding Solar’s Future

War, the pair met at HBS and launched Double Time in 2013. The piece details the firm’s rapid growth: In just over three years, the firm has raised seven funds, totaling $80 million, from investors including Prudential Financial, Burt’s... View Details

Keywords: Electric Power Generation, Transmission, Distribution; Utilities

22 Apr 2012
News

US hedge funds rules relaxed by accident

13 Jun 2013
News

Celtics CEO starts investment fund

May 2022 (Revised May 2024)
Case

The Freedom Fund (A): Ending Modern Slavery

By: V. Kasturi Rangan and Courtney Han

The Freedom Fund founded in 2013 to end modern slavery had raised more than half its intended target (by 2025) of $200 million. In 2021, impressed by its decentralized-partnering style of operations, philanthropist MacKenzie Scott awarded the Fund a gift of $35 million... View Details

Keywords: Social Issues; Corporate Social Responsibility and Impact; Philanthropy and Charitable Giving; Spending; Decisions; India; Thailand; Ethiopia

January 2020
Case

Blackstone at 35: Performance, Innovation, and the Next Generation

By: Josh Lerner

Keywords: Finance; Private Equity; Investing; Succession Planning; Leadership; Fund Management; Fund Raising

30 Sep 2020
News

How Nonprofit Foundations Can Sustainably Fund Disease Research

Web

HBS Fund Council - Alumni

new strategies for raising alumni understanding of and giving to the HBS Fund, particularly at the Investors Society level. Members are nominated based on leadership support of the HBS Fund as well as a... View Details

18 Aug 2015
News

New HBS Fund Chairs

Ashley Garrett and Alan K. “AJ” Jones’s term as HBS Fund Chairs began on July 1, 2015. The couple, who are both members of the MBA Class of 1987, are longtime Harvard supporters. They will serve as the School’s chief fundraising... View Details

06 Jul 2011
News

Lessons From a $1 Billion Fund Raiser

July 2008 (Revised October 2008)
Case

Fidelity Investments' Charitable Gift Fund (A)

By: Robert C. Pozen

Deborah Pege, an attorney at Fidelity Investments, needs to decide whether Fidelity should attempt to patent business processes involved with its new charitable gift fund. The case explores the conditions that must be satisfied in order to receive a patent and raises... View Details

Keywords: Investment Funds; Patents; Business Processes; Value