Based in Chapel Hill, Golden Bell Partners has already secured seven investors.

Ed Hutchinson has left his position as head of Duke University Investment Management Company (Dumac) and created his own investment company, Golden Bell Partners. The new firm is based in Chapel Hill, North Carolina, and is aiming for a $105.25m fund.

Dubbed Golden Bell Partners Fund I, it has attracted seven investors so far. The names of the investors have not been disclosed as part of the SEC filing.

Hutchinson holds a BA in Economics from Virginia University, having graduated in 2000, and an MBA from Stanford University, having graduated in 2006. He joined Dumac in May 2008 and managed venture capital, private equity, real estate and real asset investments for the university. He set up Golden Bell Partners in May 2014 before leaving Dumac in June 2014.

Dumac is left in good shape, with its long term pool achieving a 13.5% one-year return on investments this financial year.