Activist Investment Firm Corvex Raises $220M Feeder Fund

Nov 12 2013 | 5:12pm ET

Corvex Management, the event-driven and opportunistic investment firm founded by Carl Icahn protégé Keith Meister, has raised a $220 million feeder fund for its Corvex Master Fund.

Regulatory filings show the Caymans-domiciled Corvex Offshore II fund launched with money from seven investors.

Meister resigned from Icahn Enterprises in 2010 after eight years working with the famed corporate raider and activist hedge fund manager, overseeing its gaming and real-estate investments. He launched Corvex in 2011 with a $250 million seed investment from Soros Fund Management.

In addition to Meister, Corvex boasts former Icahn chief operating officer Rupal Doshi, former Omega Advisors portfolio manager Nick Graziano and former SAC Capital Advisors employee Michael Doniger.

The firm's activism has included pushing Corrections Corp. of America to convert to a real estate investment trust, calling on Fidelity National Financial to spin out businesses not focused on real estate services and technology and, earlier this year, entering into a heated battle with CommonWealth REIT demanding the replacement of the entire board.

Corvex managed $3.8 billion as of the end of Q3, according to HedgeTracker's Top Emerging Manager List.

A spokesperson for Corvex told FINalternatives the Master Fund is now closed to new investors and the firm currently has no plans to launch a second fund.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of