Viking Global Investors, the $28.8 billion firm led by Andreas Halvorsen, is preparing the launch of a new fund to focus on illiquid investments, according to three people briefed on the matter.
The firm is seeking up to $2 billion for the Viking Global Opportunities fund by mid-November, according to the people. Viking employees will contribute some of that and plan to start investing the capital on January 1, 2015. Viking already manages $20.6 billion in long-short hedge fund assets and more than $8 billion in long-only strategies as of July 1.
A spokesman for the firm declined to comment.