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.

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