Morgan Creek Searches for Credit Strategies

Morgan Creek Capital Management LLC, the $8 billion Chapel Hill, North Carolina based adviser to institutions and wealthy families, is searching for credit lending and European distressed debt for allocations, according to Mike Hennessy, managing partner at the firm.

Morgan Creek is also looking for hedge funds investing in emerging- market equities, Hennessy said.

Morgan Creek has about 55 percent of its assets, or slightly more than $4 billion, in hedge funds, with 25 percent in private equity and the remainder in traditional strategies, Hennessy said…

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