Blue Pool Capital Launches PE Push With USD1bn Fund

Blue Pool Capital private equity fund activity has entered a new phase as the Hong Kong-based multi-family office and investment firm co-founded by Alibaba billionaire Joe Tsai raised USD1bn for its first private equity fund, Riverside Fund, marking an expansion beyond multi-strategy investing.

The firm was founded by Tsai and former Alibaba executives and is led by CEO Oliver Weisberg, a former Goldman Sachs banker and former Citadel partner in Hong Kong.

Weisberg previously worked in Goldman’s Asian special situations and principal investment businesses, where he represented the bank’s investment in Alibaba and served on the company’s board.

Blue Pool is also active in sports-related investments, with Weisberg serving as vice chairman of BSE Global, parent of the Brooklyn Nets, New York Liberty and Barclays Center.

The Blue Pool Capital private equity fund marks a notable step for the family office.