It is Ulrichs capable leadership and knowledge which have brought Anchorage to the forefront of the industry. In 2003, he co-founded Anchorage Capital Group in New York; he currently serves as the CEO and Senior Portfolio Manager of the firm. Anchorage Capital Group LLC in a letter to investors announced the closing of its $7.4 billion flagship credit fund after 18 years, The Wall Street Journal reported. We are delighted that you'd like to resume your subscription. Dec 15 (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. 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. D . . The firm manages private investment funds across the credit, special situations and illiquid. Europe, Menlo Park, China), Where the person is located (e.g. Anchorage Capital Group is a New York-based registered investment adviser founded in 2003. Anchorage Capital Group, L.L.C. All rights reserved. Bus, GradDipCA, Jasmine Wang#Associate Director#B.Comm / LLB, MBA, Bernadette Abood#Financial Controller#B. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Anchorage Capital Group may also be known as or be related to Anchorage Capital Group, Anchorage Capital Group L.L.C., Anchorage Capital Group, L.L.C., Anchorage Capital Group, L.l.c. Anchorage caters to industries including building products, accessories, financial services, energy, healthcare, retail, real estate services, software, publishing, infrastructure, media, human capital services, and education. Anchorage Capital Group has 171 employees, of which 4 are in a leadership position. Fin, CPA, Callen O'Brien#Managing Partner#B. 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. With operations in New York, London, and Sydney, Urlich oversees an international team of professionals offering top-tier investment services. Customer Service. NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Anchorage Capital Group and Littlejohn & Co., LLC, in partnership with other shareholders, today announced that they have completed the sale of Contech . To support ongoing operations and future growth initiatives, J.Crew Group is capitalized with a $400 million exit term loan due 2027 provided by Anchorage, as well as GSO Capital Partners LP and Davidson Kempner Capital Management LP, among others. Fri 29 Apr, 2022 - 12:43 PM ET. We are dedicated to providing a platform for sharing expertise among Korean financial professionals as well as educational and career programs for young Korean financial professionals and college students to maximize their opportunities for career success. This website uses cookies to improve your experience. Phillip Cave AM#Executive Chair#B. articles a month for anyone to read, even non-subscribers! In 2003, he co-founded Anchorage Capital Group in New York; he currently serves as the CEO and Senior Portfolio Manager of the firm. Anchorage Capital Group. policy making decisions. We are also continuing to grow our offering of everyday essentials and are well positioned to lead the casualization trend offering our customers clothes they want to wear now. This is a profile preview from the PitchBook Platform. To explore Anchorage Capital Groups full profile, request access. [2] [3] [4] [5] [6] Background [ edit] Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. 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. The employee data is based on information from people who have self-reported their past or current employments at Anchorage Capital Group. $ + tax It Only Took a Decade", "Amazon Deal for MGM Marks Long-Awaited Win for Hedge Funds", "J.Crew has filed for bankruptcy | CNN Business", "J.Crew emerges from bankruptcy, outlines new strategy", "BNP Paribas wins jurisdictional battle with Anchorage hedge funds", Taxation of private equity and hedge funds, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Anchorage_Capital_Group&oldid=1140523845, Financial services companies established in 2003, Investment management companies of the United States, Privately held companies based in New York City, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 February 2023, at 13:17. "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. Soo Kim is a Portfolio Manager, Co-head CLO/CDO at Anchorage Capital Group L.L.C. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. Anchorage Capital Group. ("Anchorage") has become the majority owner of the Company. Zippia gives an in-depth look into the details of Anchorage Capital Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Anchorage Capital Group. Cision Distribution 888-776-0942 ", "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. 37 2016 Capital: $15.2 billion 2015 Hedge Fund 100 Rank: No. You may cancel your subscription at anytime by calling Ulrichs Anchorage Capital Scores $2 Billion Win on MGM Deal (2), Amazon Said to Make $9 Billion Offer for MGM. [7][8] Later on Davis, left the firm to start a new one named Inherent Group which focused on ESG investments. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. "Looking forward, our strategy is focused on three core pillars: delivering a focused selection of iconic, timeless products; elevating the brand experience to deepen our relationship with customers; and prioritizing frictionless shopping. The firm is known as one of the world's most prominent vulture funds, funds that invest in distressed securities. Currently, Mr. Ulrich is Chairman at MGM Holdings, Inc., Chairman of J. Anchorage, MGM's largest shareholder, took ownership of the company with other investors as part of a 2010 bankruptcy agreement that erased about $4 billion in debt. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Kevin Ulrich is a veteran money manager and financial service provider with over 25 years of experience. We look forward to working with Jan, Libby, and the entire leadership team.". Already a member? Kevin Ulrich is CEO and Senior Portfolio Manager at Anchorage Capital Group, the New York-based firm he co-founded in 2003. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. Anchorage Capital Group Leadership. [21] On September 11, 2020, it was announced that J.Crew had exited bankruptcy after Anchorage invested in it. 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. Andrew Eich has served as President and Chief Executive Officer of Covia since January, 2022 and previously served as President from June, 2021 through December, 2021 and Executive Vice President and Chief Financial Officer from June 1, 2018. Board Member, President & Chief Executive Officer. Crew Group, Inc., Chief Executive Officer of Anchorage Capital Europe LLP, Chief Executive . Kevin Ulrich is its Chief Executive Officer. 2023 PitchBook. "We will remain focused on maintaining our place as a leader in denim and innovating to create a differentiated shopping experience. Anchorage Capital Group, L.L.C. 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. (if applicable) for The Wall Street Journal. 1801 New York, NY, 10001 Youre viewing 5 of 30 team members. He earned a Juris Doctor degree, with honors, from Harvard Law School. ANCHORAGE HILLCREST CHURCH OF THE NAZARENE cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors. "We see an immense opportunity for growth and expansion at each brand and are confident their existing robust direct-to-consumer and e-commerce platforms will position the Company to succeed in today's evolving retail landscape. from 8 AM - 9 PM ET. (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 . Anchorage announced in December that it was closing its $7.4bn flagship credit hedge fund, ACP Capital, after 18 years and returning the capital to its backers. Phone: (212) 792-9390 Fax: (212) 564-6053, Anchorage Capital Group Becomes Majority Owner of J. As of September 10, 2020, the Company operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores in nearly every state in the United States, and also maintains J.Crew, Madewell, and J.Crew Factory websites. The firm is known as one of the world's most prominent vulture funds, funds that invest in distressed securities. Anchorage Capital Group, L.L.C. Its investments include a wide range of both liquid and illiquid assets across companies' capital structures. In addition, the Company has access to a new $400 million ABL credit facility due 2025 agented by Bank of America, N.A. CHIEF OPERATING OFFICER: direct: 2007-02-01: DEUTSCHE ASSET MANAGEMENT INC Anchorage Capital Group is a hedge fund company based in New York, NY. We look forward to working with Jan, Libby, and the entire leadership team.". 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. is a New York-based registered investment adviser founded in 2003. Anne Dinning. 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