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. 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 a particular focus on defaulted and leveraged issuers. [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. Anchorage Capital Group is a New York-based registered investment adviser founded in 2003. is a New York-based registered investment adviser founded in 2003. 1801 New York, NY, 10001 CHIEF OPERATING OFFICER: direct: 2007-02-01: DEUTSCHE ASSET MANAGEMENT INC [2][10] Ulrich joined its board in 2010 and became chairman in 2017. Assets Under Management: $27.18 billion. This information is available in the PitchBook Platform. Anchorage Capital Group has $27.18 billion in assets under management. Anchorage Illiquid Opportunities Offshore Master Lp, 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, Download the US Hedge Fund List in .xls format, Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data, Chief Executive Officer And Senior Portfolio Manager. Kevin Ulrich is a veteran money manager and financial service provider with over 25 years of experience. The data presented on this page does not represent the view of Anchorage Capital Group and its employees or that of Zippia. ("Anchorage") has become the majority owner of the Company. 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. Bus, M. App. 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. Previously, I invested in Series A and later companies at Anchorage Capital Group, and . The co-founder of what was once among the world's biggest distressed-debt hedge funds said he's closing the. . [19] But only several months later, he was fired and given a $260 million severance package. Comm, LLB, Ben Ware#Director Investor Relations,#Fund Operations, Investment Services#B. Hear the latest economic, business and market news, as well as global, national, and local news. They operate 23 private funds and have approximately $27.18 billion in total assets under management (AUM). They wondered whether the hedge fund had sunk and kept more than $1 billion in MGM Holdings. 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. served as joint lead arrangers and joint bookrunners for the new ABL credit facility. [21] On September 11, 2020, it was announced that J.Crew had exited bankruptcy after Anchorage invested in it. [7][8] The firm received $100 million in seed money from Reservoir Capital Group. Kevin Ulrich is its Chief Executive Officer. Number of Employees: 68. [2][3][4][5][6], Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. On this Wikipedia the language links are at the top of the page across from the article title. D . 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. Anchorage Capital Group, L.L.C. policy making decisions. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. ", "J.Crew and Madewell's ability to pair timeless classics with modern, fresh designs will never go out of style, and we intend to continue the legacies of these two iconic American brands with deeply loyal customers and strong, creative leadership teams," said Kevin Ulrich, Chief Executive Officer of Anchorage. As an executive at Anchorage, Ulrich leads all aspects of the firms workfrom portfolio management and risk navigation, to asset distribution and investment determinations. We look forward to working with Jan, Libby, and the entire leadership team.". Anchorage Capital Group / $16.4 billion Location: New York, NY Founded: 2003 2016 Hedge Fund 100 Rank: No. 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 and other members of an ad hoc committee were represented by Milbank LLP as legal counsel and PJT Partners LP as investment banker. 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. Europe, Menlo Park, China), Where the person is located (e.g. Managing Director and Executive Committee Member. They were rewarded with the. Since 2010, Ulrich has been the director of MGM where he is also Chairman of the Board. [10][19] Gary Barber was brought in by Ulrich to become CEO in 2010 but a rift between the two grew. [18], One of the most notable deals that Anchorage was involved in was investing $500 million in MGM Studios in 2010 to bring it out of bankruptcy. Anchorage Digital Bank Names Rachel Anderika as New Chief Risk Officer. Ulrich earned an undergraduate degree from the University of Western Ontario and a Juris Doctor degree, with honors, from Harvard Law School. "We are immensely pleased to have completed this process swiftly, and we thank our customers, associates, vendors, and new owners for the dedication and support they have given us these past several months," said Jan Singer, Chief Executive Officer of J.Crew Group. 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. The employee data is based on information from people who have self-reported their past or current employments at Anchorage Capital Group. Share Your Experience Name & TitleBio Kevin Michael Ulrich CEO / President Kevin Ulrich is CEO and Senior Portfolio Manager at Anchorage Capital Group, the New York-based firm he co-founded in 2003. 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. Anchorage Capital Group, L.L.C. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. 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. (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 . [20][19], On May 4, 2020, J.Crew announced that it would apply for bankruptcy protection amidst the COVID-19 pandemic. Anchorage Capital Group. (if applicable) for The Wall Street Journal. The co-founder of what was once among the worlds biggest distressed-debt hedge funds said hes closing the flagship vehicle and ceding his day-to-day role as chief executive officer, after years of client withdrawals and uncooperative markets. [7][8] Later on Davis, left the firm to start a new one named Inherent Group which focused on ESG investments. Ulrich is also Chairman of the Board of MGM; he has served as the director of the company since 2010. He earned a Juris Doctor degree, with honors, from Harvard Law School. We are delighted that you'd like to resume your subscription. 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. "We are immensely pleased to have completed this process swiftly, and we thank our customers, associates, vendors, and new owners for the dedication and support they have given us these past several months," said Jan Singer, Chief Executive Officer of J.Crew Group. Mark Kim is a Vice President at Anchorage . . Campbells Soup Sales Were Declining. J.Crew Group is an internationally recognized omnichannel retailer of women's, men's, and children's apparel, shoes, and accessories. It Only Took a Decade. Anchorage and other members of an ad hoc committee were represented by Milbank LLP as legal counsel and PJT Partners LP as investment banker. articles a month for anyone to read, even non-subscribers! (Anchorage) is a New York-based investment adviser founded in 2003. OCC veteran joins America's first federally-chartered digital asset bank. Type: Limited Liability Company Registration Country: United States 0 SEC#: 801-65582 Org#: 135657 Legal Issues: No legal issues reported As of Dec. 31, 2021, Anchorage's total AUM is approximately $31.2 billion. 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 market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults. In addition, the Company has access to a new $400 million ABL credit facility due 2025 agented by Bank of America, N.A. Bus, GradDipCA, Jasmine Wang#Associate Director#B.Comm / LLB, MBA, Bernadette Abood#Financial Controller#B. Sign In. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. When typing in this field, a list of search results will appear and be automatically updated as you type. Anchorage didnt give a date by which clients would receive all of their money back from the fund, which holds sizable positions in companies including Hollywood movie studio MGM Holdings Inc. and clothing seller J.Crew Group. "We will remain focused on maintaining our place as a leader in denim and innovating to create a differentiated shopping experience. Anchorage Capital Group serves clients in North America and Europe. Its investments include a wide range of both liquid and illiquid assets across companies' capital structures. We are also continuing to grow our offering ofeverydayessentials and are well positioned to leadthe casualization trend offering our customers clothes they want to wear now. . Anchorage Capital Group is a New York-based registered investment adviser founded in 2003. You will be charged Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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