|Teall Edds and Stu Wilson, Stark Investments veterans, have launched Orchard Capital Partners. Under a subadvisory agreement, Stark is allowing Orchard Capital to manage $1 billion of its Asian assets, representing a significant portion of the new firm’s $1.5 billion in assets under management. |
According to the Wall Street Journal, the other $500 million is largely from investors who have transferred Stark accounts to Orchard Capital. The new fund will continue in Edds and Wilson's area of expertise, investing in Asian market debt, equity and private equity deals. Edds and Wilson are spinning off with Stark’s Centar fund and will also launch their own Orchard fund family.