Anchorage Capital Group, L.L.C. from 8 AM - 9 PM ET. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Prior to co-founding Anchorage, Ulrich held a variety of roles at Goldman Sachs, including Managing Director, Head of Distressed Bank Loans, and Global Head of Bank Loan Trading. Anchorage Capital Group has 171 employees, of which 4 are in a leadership position. The firm manages private investment funds across the credit, special situations, and. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. [10][19] Gary Barber was brought in by Ulrich to become CEO in 2010 but a rift between the two grew. Anchorage announced in December that it was closing its $7.4bn flagship credit hedge fund, ACP Capital, after 18 years and returning the capital to its backers. Youre viewing 5 of 30 team members. D . Anchorage Capital Group, L.L.C. J.Crew Group is an internationally recognized omnichannel retailer of women's, men's, and children's apparel, shoes, and accessories. This website uses cookies to improve your experience. As of September 10, 2020, the Company operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores in nearly every state in the United States, and also maintains J.Crew, Madewell, and J.Crew Factory websites. This is a profile preview from the PitchBook Platform. In 2003, he co-founded Anchorage Capital Group in New York; he currently serves as the CEO and Senior Portfolio Manager of the firm. You will be charged As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results. Amazon on Wednesday agreed to. Anchorage Capital Group is a New York-based registered investment adviser founded in 2003. Assets Under Management: $27.18 billion. The firm manages private investment funds across the credit, special situations, and illiquid investment markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers. Anchorage caters to industries including building products, accessories, financial services, energy, healthcare, retail, real estate services, software, publishing, infrastructure, media, human capital services, and education. They were rewarded with the. They wondered whether the hedge fund had sunk and kept more than $1 billion in MGM Holdings. "We see an immense opportunity for growth and expansion at each brand and are confident their existing robust direct-to-consumer and e-commerce platforms will position the Company to succeed in today's evolving retail landscape. Board Member, President & Chief Executive Officer. J.Crew Group is an internationally recognized omnichannel retailer of women's, men's, and children's apparel, shoes, and accessories. Type: Limited Liability Company Registration Country: United States 0 SEC#: 801-65582 Org#: 135657 Legal Issues: No legal issues reported Anchorage Capital Group, L.L.C. Already a member? As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results. Customer Service. You can view more information on Anchorage Capital Group including private fund info, contact info, top management and executives, website, email addresses, and more below: Looking for a list of hedge funds in the US including emails, AUM, strategy and more? When typing in this field, a list of search results will appear and be automatically updated as you type. Anchorage Capital Group is a hedge fund company based in New York, NY. Anchorage is among a group of hedge funds that has been waiting a decade or more for a sale or public offering of the studio on the strength of its content library. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, China Warns Hedonistic Bankers to Toe the Communist Party Line, Singapore Hikes Permanent Residence Threshold for Ultra-Rich, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap. He earned a Juris Doctor degree, with honors, from Harvard Law School. 1801 New York, NY, 10001 As part of its financial restructuring, the Company has equitized more than $1.6billion of secured indebtedness, and Anchorage Capital Group, L.L.C. Ulrich has a BA from University of Western Ontario. Campbells Soup Sales Were Declining. "Looking forward, our strategy is focused on three core pillars: delivering a focused selection of iconic, timeless products; elevating the brand experience to deepen our relationship with customers; and prioritizing frictionless shopping. Anchorage Capital Group serves clients in North America and Europe. Phone: (212) 792-9390 Fax: (212) 564-6053, Anchorage Capital Group Becomes Majority Owner of J. To explore Anchorage Capital Groups full profile, request access. Comm, LLB, Ben Ware#Director Investor Relations,#Fund Operations, Investment Services#B. [21] On September 11, 2020, it was announced that J.Crew had exited bankruptcy after Anchorage invested in it. The co-founder of what was once among the world's biggest distressed-debt hedge funds said he's closing the. Anchorage Capital Group, L.L.C. 37 2016 Capital: $15.2 billion 2015 Hedge Fund 100 Rank: No. For more information visit jcrew.com, madewell.com and jcrewfactory.com. Work At Anchorage Capital Group? Phillip Cave AM#Executive Chair#B. [19] In 2021, MGM studios was sold to Amazon for $8.45 billion which resulted in a $2 billion profit for Anchorage. [2] [3] [4] [5] [6] Background [ edit] Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. What Now for a Fed That Has Fallen Behind theCurve Again? We are dedicated to providing a platform for sharing expertise among Korean financial professionals as well as educational and career programs for young Korean financial professionals and college students to maximize their opportunities for career success. Bus, GradDipCA, Jasmine Wang#Associate Director#B.Comm / LLB, MBA, Bernadette Abood#Financial Controller#B. As an manager and administrator at Anchorage, Ulrich is involved in the firm's day-to-day as well as the . Anchorage Capital Group is part of the Finance industry, and located in New York, United States. "We will remain focused on maintaining our place as a leader in denim and innovating to create a differentiated shopping experience. . Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, citing a. Mark Kim is a Vice President at Anchorage . ", "We are energized by the opportunity ahead for the Madewell brand and ready to continue our momentum as we enter into a new phase of growth," said Libby Wadle, Chief Executive Officer of Madewell. Anchorage Capital Group has 171 employees, of which 4 are in a leadership position. Kevin Ulrich is its Chief Executive Officer. [2][3][4][5][6], Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Anchorage Capital Group. The employee data is based on information from people who have self-reported their past or current employments at Anchorage Capital Group. Hear the latest economic, business and market news, as well as global, national, and local news. "We will remain focused on maintaining our place as a leader in denim and innovating to create a differentiated shopping experience. is a New York-based registered investment adviser founded in 2003. Ulrich is also Chairman of the Board of MGM; he has served as the director of the company since 2010. Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4bn it manages to clients, citing a market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults. [19] But only several months later, he was fired and given a $260 million severance package. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. Before co-launching Anchorage, Ulrich worked at Goldman Sachs in several roles including Managing Director, Head of Distressed Bank Loans, and Global Head of Bank Loan Trading. The Good and the Bad From the Factory Floor, Critics of Bidens Antitrust Push Target FTCs Lina Khan, FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Record Number of Singapores New Director Roles Filled by Women, UK Mothers Say It No Longer Makes Financial Sense to Work, Transcript Zero Episode 29: Turning Climate Risks Into Golden Opportunities, Pain in the Butt: Study Finds Forever Chemicals in Toilet Paper, The 15-Minute City Freakout Is a Case Study in Conspiracy Paranoia, Another Blow to City Centers: Retail Stores Move Outward, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm. Cision Distribution 888-776-0942 (Reuters) - Hedge fund Anchorage Capital Group is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, the Wall Street Journal reported on . The Good and the Bad From the Factory Floor, Critics of Bidens Antitrust Push Target FTCs Lina Khan, FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Record Number of Singapores New Director Roles Filled by Women, UK Mothers Say It No Longer Makes Financial Sense to Work, Transcript Zero Episode 29: Turning Climate Risks Into Golden Opportunities, Pain in the Butt: Study Finds Forever Chemicals in Toilet Paper, The 15-Minute City Freakout Is a Case Study in Conspiracy Paranoia, Another Blow to City Centers: Retail Stores Move Outward, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm. To support ongoing operations and future growth initiatives, J.Crew Group is capitalized with a $400 million exit term loan due 2027 provided by Anchorage, as well as GSO Capital Partners LP and Davidson Kempner Capital Management LP, among others. Other Fund Details for Anchorage Capital Group. articles a month for anyone to read, even non-subscribers! Kevin Michael Ulrich is a businessperson who founded Anchorage Capital Group (Private Equity) and Anchorage Capital Group LLC and who has been at the helm of 5 different companies. Kevin Ulrich relinquishes CEO role to become firms chairman, The closure is one of the biggest among hedge funds this year, Photographer: Rodin Eckenroth/Getty Images. [7][8] The firm received $100 million in seed money from Reservoir Capital Group. Since 2010, Ulrich has been the director of MGM where he is also Chairman of the Board. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. Anchorage Capital Group, L.L.C. As of Dec. 31, 2021, Anchorage's total AUM is approximately $31.2 billion. Kevin Ulrich Scored a $2 Billion MGM Win. Crew Group, SFNet Annual Convention 2021 COVID Statement, SFNet Hall of Fame Lifetime Achievement Awards 2022, SFNet's Women in Secured Finance Conference, SFNet Emerging Leaders Summit (YoPro Leadership Summit), Diversity, Equity and Inclusion Committee, SFNet International Finance & Development Committee, Member Search: SFNet Annual Member Pricing, Georgia, Illinois, Kansas and Mississippi Latest States to Push for Commercial Finance Disclosures, Blackstone Launches Sustainable Resources Credit Platform, MetLife Investment Management to Acquire Alternative Investment Firm Raven Capital Management, Avaya Takes Action to Accelerate Transformation and Fortify Capital Structure. [19] On October 2017, Barber received a contract renewal for 5 years until 2022. Kevin Ulrich is a veteran money manager and financial service provider with over 25 years of experience. Europe, Menlo Park, China), Where the person is located (e.g. Prior to joining the firm in 2016, Mr. Tesoriere was Managing Principal and Portfolio Manager of Altai Capital Management, an investment manager he co-founded in 2009, which focused on investing in distressed debt and event-driven equities. Affiliates managed by Lone Star Funds, Anchorage Capital Group, Fidelity Management & Research Co. and Cheyne Capital, collectively, comprise the new investor leadership and own a majority of GTT's reorganised equity, according to a company statement. Kevin Ulrich, CEO Anthony Davis, President. So It Redesigned Its Iconic Can. About. Anchorage is headquartered in New York City and has an additional office in London. Crew Group with a $400 million exit term loan due 2027 to support the . Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. It also doesn't create waste and may help fight the climate crisis. Focused on Delivering Iconic Product, Elevating the Brand Experience, and Creating a Seamless Shopping Experience Across Brick & Mortar, Direct-To-Consumer, and E-Commerce, Anchorage Capital Group Becomes Majority Owner of J.Crew Group. [2][3] One of the potential factors that led to this apart from the firm's recent performance was the fact that in 2019, Ulrich was sued by a woman accusing him of sexual assault in a Manhattan hotel. Currently, Mr. Ulrich is Chairman at MGM Holdings, Inc., Chairman of J. Anchorage and other members of an ad hoc committee were represented by Milbank LLP as legal counsel and PJT Partners LP as investment banker. Number of Employees: 68. Fin, CPA, Callen O'Brien#Managing Partner#B. It Only Took a Decade. They operate 23 private funds and have approximately $27.18 billion in total assets under management (AUM). [7][8] Later on Davis, left the firm to start a new one named Inherent Group which focused on ESG investments. She has worked as Vice President at GOLDMAN SACHS GROUP INC. Soo attended The Wharton School between 2004 and 2006 and Massachusetts Institute of Technology (MIT) between 1997 and 2001. operates as an investment advisory firm. 610 Broadway6th Floor New York, NY 10012 United States, Phone: 212-432-4600 Fax: 212-432-4601 Website: http://www.anchoragecap.com, Strategies/Sectors: Credit Event Driven Long/Short, Private Funds Managed(23): Anchorage Illiquid Opportunities Offshore Master Lp, Aio Iii Aiv Lp , Aio Iv Aiv Trust , Aio Iv Aiv Lp , Aio V Aiv Lp , Anchorage Capital Master Offshore Ltd , Anchorage Illiquid Opportunities Offshore Master Ii Lp , Anchorage Illiquid Opportunities Offshore Master Iii Lp , Anchorage Illiquid Opportunities Offshore Master Iv Lp , Anchorage Illiquid Opportunities Offshore Master V Lp , Anchorage Capital Clo 2012 1 Ltd , Anchorage Capital Clo 2013 1 Ltd , Anchorage Capital Clo 3 Ltd , Anchorage Capital Clo 4 Ltd , Anchorage Capital Clo 5 Ltd , Anchorage Capital Clo 6 Ltd , Anchorage Capital Clo 7 Ltd , Anchorage Capital Clo 8 Ltd , Anchorage Capital Clo 9 Ltd , Anchorage Credit Funding 1 Ltd , Anchorage Credit Funding 2 Ltd , Anchorage Credit Funding 3 Ltd , Anchorage Credit Funding 4 Ltd, Rank: 130 out of 3271 hedge fund management companies, Rank: 138 out of 3271 hedge fund management companies, Rank: 628 out of 3271 hedge fund management companies, Rank: 229 out of 3271 hedge fund management companies, Rank: 120 out of 3271 hedge fund management companies, Rank: 90 out of 3271 hedge fund management companies. 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