ExodusPoint Capital Management has secured about $2 billion in fresh capital, with backing from a fund based in Abu Dhabi among the investors participating in the raise. The fundraising represents the first significant inflow for the multi-strategy hedge fund since 2020 and comes as the firm has delivered stronger performance in recent years, according to Bloomberg.
Founded in 2017 by former Millennium Management executive Michael Gelband and Hyung Lee, New York-based ExodusPoint launched in 2018 with approximately $8.5 billion, making it the largest hedge fund debut in history at the time. The firm oversees roughly $12 billion in assets and operates across multiple investment strategies. Bloomberg reported that the new capital infusion is expected to support the firm’s continued expansion and trading activities.
The fundraising follows a period of improved returns for ExodusPoint. After facing investor withdrawals and mixed performance earlier in its history, the hedge fund generated its best annual return in 2025, helping to renew investor interest. The latest commitments highlight continued appetite among institutional investors and sovereign wealth-related entities for large multi-strategy hedge funds.
Abu Dhabi-based investors have increasingly become important sources of capital for alternative asset managers as the emirate continues to expand its influence across global financial markets. Bloomberg reported that one of the fund’s backers in the latest fundraising round is linked to Abu Dhabi, underscoring the growing role Gulf investors are playing in hedge fund allocations.
ExodusPoint joins several major hedge funds that have recently attracted fresh institutional capital amid heightened market volatility and increasing demand for diversified investment strategies. The firm previously raised approximately $3 billion in 2020, and the latest fundraising marks another significant milestone in its growth trajectory.