Ex-Corvex Partner Graziano Readies New Activist Hedge Fund

Oct 25 2016 | 11:12pm ET

Former Corvex Management executive Nick Graziano has reportedly secured seed capital from Constellation Seeding to launch his new alternative investment management firm, Venetus Partners, in the coming weeks. 

The new firm expects to start trading at the start of next month, according to a Reuters article citing an unidentified person familiar with the matter. Venetus Partners is widely expected to follow the same basic mold as Keith Meister’s Corvex, buying minority positions in underperforming North American companies and using activist strategies to agitate for changes that generate or unlock shareholder value.

Graziano left Corvex in early 2015 after having been with the firm since inception in 2010. Beforehand, he had stints with activist funds Sandell Asset Management, Icahn Enterprises and Omega Advisors. 

He founded Venetus later in 2015 along with former Trian Fund Management partner Chad Fauser. Former Two Creeks Capital Management executive Kristy Kennedy is the firm’s COO, and ex-JAT Capital Management controller is CFO.

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