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Ex-Third Point, TPG Vet Opens up Shop
by Christopher Glynn ,Senior Reporter, October 18, 2007

A former Third Point manager has launched his own hedge fund firm.

Jonathan Urfrig, a Third Point alum who also did a stint at private-equity firm Texas Pacific Group, has started U Capital Group. U Capital is a special-situation shop focused on value.

SkyBridge Capital seeded U Capital for an undisclosed sum. The hedge fund incubator will also provide business support, according to a statement.

Of late, SkyBridge has also infused Abdiel, Brompton Cross, Ironshield, Outpoint and Westport with startup money.

SkyBridge opened in 2005 with financing from MSD Capital, the venture capital firm of computer kingpin Michael Dell.

  
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