Hedge fund Irenic Capital Management, known for its activism campaigns, is building out its private equity practice and has hired an ex-Apollo Global Management Inc. principal to oversee it.
The firm has recruited Apollo’sE-Fei Wang as a managing director and head of private equity to help the firm participate in more buyouts and also partner with other private equity firms to buy companies worth $5 billion or less, Irenic co-founder Adam Katz said in an interview.
The idea is that Irenic will tap its experience dealing with boards and public investors to be a catalyst for making ...
