Английская Википедия:Altimeter Capital

Материал из Онлайн справочника
Перейти к навигацииПерейти к поиску

Шаблон:Short description Шаблон:Use mdy dates

Шаблон:Infobox company Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California.[1] The firm focuses on technology investments in both public and private markets globally.

Background

In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts.[2] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008.[2][3] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst.[4]

A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California.[2]

In 2013, Altimeter Capital closed its first venture capital fund at $75 million.[1]

In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. AGC is a SPAC which is a blank-check company. In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB.[5][6]

In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million.[7][8] It was terminated early in December 2022 due to its inability to secure a suitable merger deal.[8]

Business overview

For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies.[9] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011.[9]

For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Its first private fund was closed in 2013.[1]

Public market investments

United Continental Holdings

In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors.[10] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years.[10] United Continental Holdings eventually gave in and changed its board of directors.[11]

Meta Platforms

In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg.[12][13] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence.[12][13] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year.[12][13] A few weeks later, Meta laid off over 11,000 employees.[14]

Venture Capital funds

Fund[15][3] Vintage Year Committed Capital ($m)
Altimeter Private Partners Fund I 2013 75
Altimeter Private Partners Fund II 2015 225
Altimeter Private Partners Fund III 2017 200
Altimeter Growth Cascade Fund 2020 100
Altimeter Growth Castle Fund 2020 32
Altimeter Growth Lincoln Fund 2021 60

Notable venture capital investments

Шаблон:Div col

Шаблон:Div col end

References

Шаблон:Reflist

External links

Шаблон:Hedge funds Шаблон:Private equity and venture capital

Шаблон:Authority control

Партнерские ресурсы
Криптовалюты
Магазины
Хостинг
Разное

  1. ↑ 1,0 1,1 1,2 Шаблон:Cite news
  2. ↑ 2,0 2,1 2,2 Шаблон:Cite web
  3. ↑ 3,0 3,1 3,2 3,3 3,4 3,5 3,6 3,7 Шаблон:Cite web
  4. ↑ Шаблон:Cite web
  5. ↑ 5,0 5,1 Шаблон:Cite web
  6. ↑ Шаблон:Cite web
  7. ↑ Шаблон:Cite web
  8. ↑ 8,0 8,1 Шаблон:Cite web
  9. ↑ 9,0 9,1 9,2 9,3 9,4 9,5 9,6 9,7 Шаблон:Cite web
  10. ↑ 10,0 10,1 Шаблон:Cite news
  11. ↑ Шаблон:Cite web
  12. ↑ 12,0 12,1 12,2 Шаблон:Cite web
  13. ↑ 13,0 13,1 13,2 Шаблон:Cite news
  14. ↑ Шаблон:Cite web
  15. ↑ Шаблон:Cite web
  16. ↑ Шаблон:Cite web
  17. ↑ Шаблон:Cite news
Источник — http://wikihandbk.com/ruwiki/index.php?title=Английская_Википедия:Altimeter_Capital&oldid=13091119