Gen2 spun out by Kyle Shin, retains name

Gen2 Partners, an alternative investment manager focusing on fund of funds (FoFs) and private credit, has re-registered as Adamas after parting ways with South Korea-focused fund manager Kyle Shin last month. Shin will continue operating under the Gen2 Partners name for the multi-strategy KS Asia Absolute Return Fund, which Gen2 co-founder Paul Heffner helped him to set up in 2010. The departure of Shin and his staff means Adamas’s headcount has dropped to 22, from 30, and asset…