iron park capital

Iron Park -- which recently hired former York Capital Management partner Matt Bonanno -- has begun raising $1 billion for a second fund dubbed WIN, for “winter is now,” that will focus on distressed-credit opportunities the firm expects to emerge in another market rout, one of the people said. Have a confidential tip for our reporters? Founded in 2003 by Charles Osborne and Larry Gray, Iron Capital Advisors is truly independent and fully transparent. Since inception, KPC has raised over £130 million of committed capital across two funds, most of which is contributed by over 70 senior leisure sector participants. Iron Park Capital Partners, LP is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Delaware. Winter did indeed come, with the coronavirus pandemic chilling markets, and Smith’s Iron Park Capital Partners LP delivered outsize returns for the WIC fund, in sharp contrast to double-digit losses posted elsewhere on Wall Street. Iron Park Capital Limited is an active company incorporated on 20 August 2020 with the registered office located in Reading, Berkshire. By Michelle D'souza. The firm is separately in advanced discussions with potential anchor investors for a $5 billion fund being raised as a joint venture with growth-oriented private equity firm General Atlantic. Iron Capital Advisors is an independent Registered Investment Advisory firm headquartered in Atlanta, GA. Iron Park Capital Partners LP delivered outsize returns for the WIC fund, in sharp It initially employed Smith’s favorite pair trade -- shorting junk bonds while betting on leveraged loans -- a tactic that had garnered attention among his colleagues for its uneven track record. Iron Park profited by leveraging a short on high-yield bonds, Firm seeks $5 billion for joint venture with General Atlantic. He has more than 20 years of leveraged finance and capital markets experience, and served in senior roles at Goldman Sachs and Barclays Capital. Four of the buildings were completed in 1999 and the final building was completed in 2001. Iron Park took advantage of the low-margin requirements on short positions to press its gross short risk to about 600% of net asset value, the letter shows. Iron Park Opportunistic Capital Fund (Offshore), LP Filings Peter Maa Macro Analyst at Balyasny Asset Management L.P. New York, NY. Many of the investments that contributed to the losses were made at a time when GSO founders Smith and Goodman were still at the helm of the unit. General Atlantic is creating a joint venture with Iron Park Capital Partners LP to roll out a more than $5 billion fund that will provide structured-equity and debt capital to companies affected by the COVID-19 pandemic, The Wall Street Journal reported, citing people familiar with the matter. But the 54-year-old investor changed tack and exited his long positions, fearful of the excess in markets, pivoting WIC toward a levered short strategy in late January, according to the letter. Iron Park WIN Solutions Fund LP. In conversations with investors, Smith has explained the rationale behind closing out WIC, saying that targeting distress and stress is “a moment in time” rather than a strategy on which a business should be based, according to a person familiar with the talks. Last year $4.25 trillion was raised in public and private securities offerings, promoting economic growth and job creation. Contact Us Victoria 1900 Store St 250.385.9703 West Shore 975 Langford Pkwy 778.433.1941 It consists of five separate buildings: one-, two-, and three-story buildings on a site of approximately 15.71 acres. Michael Whitman is back in the game, surfacing at General Atlantic's credit investing joint-venture with Iron Park Capital, after a dispute with his former employer, Blackstone, over a … As the market tumult unfolded in March, the firm covered its short positions in roughly $650 million of U.S. and European high-yield bonds that it individually hand-picked instead of relying on an index, according to the letter and people familiar with the matter, who asked not to be identified because the performance information isn’t public. In an industry rife with conflicts of interest, we are a privately owned, fee-only firm focused exclusively on providing objective, exceptional advice and service to our clients. Through our investments, we link tax credits with high-net-worth individuals to reduce their tax liability. Robert Hedlund Partner at Iron Park Capital New York, New York, United States 500+ connections Capital Iron is so named because it started as a scrap business. View the SEC offering information from Iron Park Opportunistic Capital Fund (Offshore), LP, a Reg D filing. It won’t take positions in any companies already backed by General Atlantic. Last June, GSO Capital Partners co-founder Tripp Smith started his new WIC fund, named for the motto “winter is coming” from the television series “Game of Thrones.”. General Atlantic, which typically takes minority equity stakes in rapidly growing companies, is forming a joint venture with Smith’s credit-focused firm Iron Park Capital Partners LP, the people said. A representative for Iron Park declined to comment. He brings hires from credit long/short hedge fund River Birch Capital, Oak Hill … The SEC’s regulation of the securities markets facilitates capital formation, which helps entrepreneurs start businesses and companies grow. ← Back to search Currently Viewing: DocumentHTML 0001849339-21-000001.txt Link to this page Our flexible membership services give you access to a wide range of exclusive news, research, analysis, performance data, investor profiles, events and networking opportunities. Associated Funds. Iron Park made its WIC bets by adding leverage to some $350 million raised from investors including the family office of Bennett Goodman, who has publicly discussed his support of his former colleague. “The pivot itself was driven by our conviction that the rally in both leveraged loans and high-yield bonds had driven the market to extreme valuations,” Smith wrote. Prior to joining Iron Park Capital, Jeff was a managing director and portfolio manager at PSP Investments. 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