One East Partners Raises $600 Million, Closes To New Investors

Oct 18 2006 | 11:06am ET

Just three-and-a-half months after launching, alternative investment firm One East Partners has raised $600 million and has closed to new investors. The firm, which was founded July 1 by James Cacioppo and Nat Klipper, employs a global event-focused and fundamentally-driven strategy.

The New York-based firm will make investments in event equities, distressed opportunities, credit, and privates.

“We believe that there are opportunities for an event-driven fund being created by global M&A activity, changing Board of Directors’ attitudes, increasing shareholder influence, and major corporate restructurings,” said Cacioppo, managing partner and co-portfolio manager.

Prior to founding One East Partners, Cacioppo was president and co-portfolio manager at Sandell Asset Management, which manages the $4.5 billion Castlerigg Master Investments fund.

Klipper previously spent more than four years as a managing partner at Perry Capital. He was also the portfolio manager for Perry’s private finance investments and coordinated private equity investments. 

In addition to the two founding partners, the firm’s investment team includes partner Nate Storch, formerly an analyst at Highbridge Capital Management and Sandell Asset Management; Chief Financial Officer Amit Malhotra, formerly CFO of two other hedge funds and an auditor at Ernst & Young, and General Counsel Sina Toussi, formerly of Skadden Arps.
 


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note