Ning Jin launches Avantyr Capital as new long-short equity fund prepares for 2025 debut

Avantyr Capital, a new long-short equity fund, is set to launch later this year. Founded by former Viking Global CIO Ning Jin, the firm has already hired two team members and aims to manage up to $1 billion in assets. Ning Jin, who left Viking Global in August 2024 after 17 years, announced his fund's strategy at a conference in January. He did not specify a fundraising target but indicated the potential capacity for investment. The new hires include Alex Mendez, a former Viking analyst, and Sunjay Mishra, previously with Tourbillon Capital. Jin's venture follows a trend of Viking alumni starting their own funds.