Camulos Capital co-founder William Seibold is back, three years after he was forced to shutter his last hedge fund.
Seibold has founded Recipero Capital and plans to launch its maiden hedge fund in the second half of next year, Bloomberg News reports. He said he hopes to raise €800 million for the fund, which, unlike Seibold's previous ventures, will be based in Europe.
Recipero will provide capital to middle-market business in Europe, primarily in France, Germany, Italy and the U.K., Seibold told Bloomberg.
"The European banking system is in difficulty," he said. "European businesses, especially in the middle-market, are far more heavily financed by banks. The banks need support."
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Seibold has founded Recipero Capital and plans to launch its maiden hedge fund in the second half of next year, Bloomberg News reports. He said he hopes to raise €800 million for the fund, which, unlike Seibold's previous ventures, will be based in Europe.
Recipero will provide capital to middle-market business in Europe, primarily in France, Germany, Italy and the U.K., Seibold told Bloomberg.
"The European banking system is in difficulty," he said. "European businesses, especially in the middle-market, are far more heavily financed by banks. The banks need support."
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