hedge funds private equity founded 1973 headquarters london united kingdom products hedge funds private equity funds total assets 22 billion 1 website www.permal.com permal group is a global investment management firm focused on hedge funds and private equity funds products for international investors . permal founded in 1973 operates one of the oldest fund of hedge funds and manages approximately 22 billion 1 in assets . clients include sovereign wealth funds pension funds endowments foundations insurance companies family offices private banks and high net worth individuals . its ceo is omar kodmani and its chairman is isaac r. souede . 2 permal is headquartered in london with offices in new york boston singapore paris nassau dubai hong kong and beijing . in 2005 permal was acquired by legg mason in an 800 million transaction and operates as a subsidiary of that company . 3 in 2013 permal acquired fauchier partners a leading european based manager of funds of hedge funds from bnp paribas investment partners . 4 investment funds edit permal offers a range of multi manager multi strategy funds as well as single manager funds and customized separate accounts . the firm s flagship product permal investment holding was launched in 1992 and is a global multi strategy fund of hedge funds managed by robert kaplan . the fund aims to capture two thirds of the upside during a bull market and seeks to limit its downside to one third of a comparable index during the bear market . permal also operates as a private equity fund of funds and secondary investment firm through its subsidiary permal capital management . references edit a b introduction the permal group . permal.com . biographies . permal.com . legg mason closes on 800m deal . baltimore daily record november 4 2005 legg mason inc. 13 march 2013 . legg mason and permal complete acquisition of fauchier partners . prnewswire.com . external links edit the permal group company website permal capital management company website opalesque.tv interview with robert kaplan chief investment officer at permal asset management inc opalesque tv v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors 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