Just some clarification: Strategic opportunities / bsof: part of baam that does co investments largely sourced from its underlying fund of funds investments or other relationships

Strategic partners: the hedge fund stakes and seeding biz of baam

Tactical ops: not part of baam, though the poster above me somewhat correctly characterizes the strategy

 
frank_reynolds:

Just some clarification:
Strategic opportunities / bsof: part of baam that does co investments largely sourced from its underlying fund of funds investments or other relationships

Strategic partners: the hedge fund stakes and seeding biz of baam

Tactical ops: not part of baam, though the poster above me somewhat correctly characterizes the strategy

Thanks. For some reason I thought it was in BAAM. It makes sense it isn't aso they have actively fundraised it lately
 
Best Response

What is everyone's take on Tac Opps? Been around for ~4 years now and have already raised $11bn and deployed a good chunk of that. Saw on a disclosure somewhere an IRR on Fund 1 of 20%.

How is the group viewed in the hierarchy? Obviously less "prestigious" than BX PE, but would it be inline with upper MM guys? I'm not a prestige whore, it is more-so a question of setting a ceiling. For instance, if you were seeking to lateral from BX Tac Opps, where wold you go? MF or Upper MM?

 

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