Icahn's $3 Bln Hedge Fund Rolls Closer

Carl Icahn is preparing his debut hedge fund, a $3 billion pool of capital that will allow the formidable financier to take large or controlling positions in companies, according to Alternative Investment News, an LMW sister publication.

  • 15 Oct 2004
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Carl Icahn
Carl Icahn is preparing his debut hedge fund, a $3 billion pool of capital that will allow the formidable financier to take large or controlling positions in companies, according to Alternative Investment News, an LMW sister publication. The fund, dubbed Icahn Partners, will invest across four sub-strategies and will close Nov. 1.

These strategies are debt investments focusing on high-yield distressed and bankruptcies, short equities, long equities in strategic block positions and arbitrage and special situations. Among his biggest gains in the last years include debt investments in XO Communications, NEG Holdings and Philip Services.

Investors who want to invest side-by-side with Icahn--who is investing a minimum of $300 million of his own money--are essentially required to hang on for the long-term as the fund has lock-up periods and penalties for exiting. The fund has a one-year hard lock-up and investors wishing to leave in their second year will be assessed an 8% penalty, followed by a 4% penalty for those heading to the exit in year three, according to a marketing document.

  • 15 Oct 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%