Anchorage Capital Group, L.L.C.

An American hedge fund with its main office in New York is called Anchorage Capital Group, L.L.C. Investment in credit and illiquid markets is where the company focuses its efforts. It employs both long and short strategies, with a focus on leveraged issuers who are having trouble making their loan obligations. Despite being dangerous, this market is very lucrative.

Anchorage Capital Group, L.L.C.'s assets under management (AUM) are $27 billion. The fund recently collaborated with a team to reorganize the lighting business Lumileds, allowing it to strengthen its balance sheet and pay down $1.4 billion in debt. Along with Bridgewater Associates LP and Renaissance Technologies, Anchorage Capital Group, L.L.C. is one of the biggest hedge funds in the world. Although Anchorage mostly invests in distressed stocks like those of Eir and New Look, it has recently funded early-stage companies like Brat TV, Eko, and SingleStore. These companies are at the startup and early stage of development.

Year of establishment: 2003

Founders: Kevin Ulrich, Tony Davis
Headquarters: 610 Broadway, New York City, New York, U.S.
Revenue: $19.0 million (2021)
AUM: $27 billion (2022)
Website: http://www.anchoragecap.com/