Dockside Platforms, an institutional managed account platform led by former Morgan Stanley executive Michael Jordan and backed by the State of Wisconsin Investment Board and a major Texas endowment, reported securing $125.1M in commitments so far for its second fund.
Dockside Platforms launched in the summer of 2023 as a unit of Minnesota-based hedge fund Walleye Capital. The platform caters to institutional clients, including public and corporate pensions, endowments, family offices, outsourced investment management and fund-of-funds, and allows them to mimic the “pod” approach of large multi-manager hedge funds through the use of separately managed accounts.
“Sophisticated allocators want to invest more like multi-manager hedge funds. They’re saying, ‘Let me take some learnings, practices and structures of these firms to inform how I invest,’” Jordan told Bloomberg in an April 2024 interview. The Wisconsin SIB and the University of Texas/Texas A&M Investment Management Company (UTIMCO) backed Dockside from the start, with UTIMCO disclosing in its March 2024 hedge fund portfolio review that it planned to prioritize further investments in the platform.
In a January 14 filing with the SEC, Dockside reported securing commitments from two investors for Dockside Fund II since it opened sales of the hedge fund on January 2. The fund’s predecessor, Dockside Fund I, reported raising $321.1M as of its most recently amended Form D filing in May 2024.
